US EditionBerkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
Berkshire Hathaway’s operating earnings rose 34% to $13.5 billion as cash reserves hit a record $382 billion amid cautious stock buying and a milder hurricane season.
- Berkshire Hathaway Inc.'s cash reserves reached a record high of $381.7 billion in the third quarter, marking a significant increase.
- The company's operating earnings surged by 34%, driven by strong performance under Chief Executive Officer Warren Buffett.
- Berkshire Hathaway Inc. did not buy back any shares for the fifth consecutive quarter despite a nearly 12% drop in stock price.
- Quarterly net income rose by 17% to $30.8 billion, with investors showing concern over the firm's management transition and selling its stock.
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The investment group of billionaire entrepreneur Warren Buffett, Berkshire Hathaway, has reached a new record in its cash accumulation. In the third quarter, the liquidity position of the conglomerate reached 381.7 billion dollars (329,063.57 million euros to the current change), according to the results presented this Saturday, the last before Buffett retires as CEO, after six decades in command, and leave way for the current vice president of …
Warren Buffett's Berkshire Hathaway sees cash pile at record high of $382 billion, earnings soar
Berkshire Hathaway's cash pile soared to $381.7 billion in the quarter gone by, the company said while declaring its Q3 report on Saturday — its last earnings report before Warren Buffett bows out as chief executive.
Berkshire Hathaway sold $6 billion of stocks in Warren Buffett's penultimate quarter as CEO
Warren BuffettNati Harnik/APWarren Buffett just published the details of his penultimate quarter as Berkshire Hathaway CEO.Berkshire's operating profits soared and its cash pile hit a new high.But Buffett once again struggled to find bargains.Warren Buffett's penultimate quarter as Berkshire Hathaway CEO saw the company's operating earnings soar and its cash pile grow to a fresh record of over $350 billion, but the legendary investor once again …
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