Berkshire Hathaway’s Operating Earnings Fall, Buybacks Rise - Bloomberg.com — SkimNews

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- Berkshire Hathaway reported third-quarter operating earnings and quarterly profit declines, with the profit drop following a shrink in investment gains.
- Berkshire Hathaway more than doubled stock buybacks in the third quarter and repurchased $9.6 billion of its own stock.
Why it matters: Berkshire Hathaway materially increased capital returns to shareholders with $9.6 billion of stock repurchases in a third quarter when operating earnings and quarterly profit declined. The more-than-doubled buyback contrasted with weaker reported results, while shrinking investment gains were identified as a specific contributor to the profit drop.
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