Berkshire Hathaway posts higher profit, extends buybacks

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Quarterly operating income rose 45% to $7.29 billion, or approximately $4,931 per Class A share, from $5.02 billion a year earlier.

Net income rose 11% to $39.65 billion from $35.84 billion, with both totals reflecting large gains from stocks such as Apple Inc (NASDAQ:AAPL). Apple alone represents nearly half of all the stocks Berkshire owns.