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via livemint.comBusiness & Companies

Berkshire surprised with record buybacks, but pace slowed as the stock rose

FROM THE WIRE · LIVEMINT.COM

Also noteworthy from the company’s third-quarter results were big revenue and earnings gains for the company’s railroad unit, BNSF, and a drop in profits for its huge insurance group.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralBuybacks and quarterly results of a major conglomerate can affect the Berkshire Hathaway stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Berkshire recorded record buybacks in the third quarter.
  2. 02The pace of buybacks slowed as the stock rose.
  3. 03The railroad unit BNSF posted big revenue and earnings gains.
  4. 04Profits at the huge insurance group declined.

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