Berkshire Earnings Are Out. What to Know.
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Berkshire CEO Warren Buffett
Saul Loeb/AFP via Getty ImagesBerkshire Hathaway reported an 18% gain in after-tax operating profit in the third quarter to $6.5 billion on strength in its railroad, utility, and manufacturing businesses while continuing to repurchase a sizable amount of stock.
Berkshire (ticker: BRK.A and BRK.B) bought back $7.6 billion of stock in the third quarter, up from $6 billion in the second quarter and $6.6 billion in the first three months of 2021. CEO Warren Buffett continues to see Berkshire’s stock as the company’s best investment with Berkshire’s buyback...