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via gurufocus.comBusiness & Companies

Berkshire Hathaway reports Q3 operating profit down 5.8% year over year

FROM THE WIRE · GURUFOCUS.COM

Berkshire Hathaway reported a 5.8% year-over-year decline in operating profit for the third quarter, totaling $12.7 billion, down from $13.48 billion last year.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralA decline in operating profit at a large conglomerate matters for the stock but not for the broader market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Berkshire Hathaway reported a 5.8% year-over-year decline in third-quarter operating profit.
  2. 02Operating profit totaled $12.7 billion, down from $13.48 billion a year earlier.
  3. 03The group also reported record stock buybacks.

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