Berkshire Buybacks More Than Double to $9.6 Billion — SkimNews
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- Berkshire Hathaway reported lower operating earnings and operating profit in the third quarter, a result framed consistently by Bloomberg.com, CNBC and Reuters.
- Berkshire Hathaway more than doubled its buyback activity in the third quarter, accelerating stock repurchases and spending a record $9.6 billion.
Why it matters: Berkshire Hathaway shareholders are the directly affected party as a record $9.6 billion goes into stock repurchases despite lower operating profit and earnings. The third-quarter contrast makes the scale of capital return the material development, with buybacks more than doubling.
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