Buffett’s Berkshire Posts $35.5 Billion Profit, Buys Back More Stock

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc.'s annual shareholder meeting in Omaha, Neb., on May 4, 2019. Scott Morgan/Reuters

OMAHA, Nebraska—Warren Buffett’s Berkshire Hathaway Inc. posted a $35.5 billion first-quarter profit on Saturday, reflecting gains from stocks such as Apple Inc., while higher investment income and a rebound at car insurer Geico bolstered operating results.

Berkshire also sped up repurchases of its own stock, buying back $4.4 billion, while paring its investments in other stocks such as Chevron Corp., which is still a major holding.