Berkshire posts record operating profit, $35.9 billion of net income

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Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier.

Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.

Berkshire also said it repurchased $1.4 billion of stock in the quarter.