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via abcnews.go.comBusiness & Companies

Berkshire Hathaway buys back $9.6 billion of stock but profit declines

FROM THE WIRE · ABCNEWS.GO.COM

Berkshire Hathaway repurchased $9.6 billion worth of its own stock in the third quarter, but Geico disappointed and its overall profit fell more than 28% as the value of its investments changed

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe profit decline and Geico's disappointing results weigh on this large conglomerate.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Berkshire repurchased $9.6 billion of its own stock in the third quarter.
  2. 02Geico disappointed expectations.
  3. 03Overall profit fell more than 28%.

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