Berkshire Hathaway buys back $9.6 billion of its own stock but its profits declined
FROM THE WIRE · FINANCE.YAHOO.COM
OMAHA, Neb. (AP) — Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico disappointed and its overall profit fell more than 28% as the value of its investments changed. But the buybacks likely came to a halt recently as Berkshire's…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralQuarterly results of a major conglomerate affect the stock and its cash position, with Geico disappointing.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Berkshire repurchased $9.6 billion of its own shares in the third quarter.
- 02Overall profit fell more than 28% as the value of its investments changed.
- 03The cash pile rose to $377.4 billion from $365.5 billion at the end of June.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Berkshire Hathaway Inc.570.95 USDMarket closedtoday -0.24%Neutral Berkshire Hathaway Inc.856,612.00 USDMarket closedtoday -0.01%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets