Berkshire’s operating earnings jump 34%, Buffett buys back no stock and raises cash hoard to $381 billion
Operating earnings rose 34% to $13.5 billion driven by insurance gains and mild hurricane season, while cash reserves hit a record $382 billion before CEO Warren Buffett’s retirement.
- 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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Star-Herald
Lincoln Journal StarProfits at Berkshire Hathaway rise 17% as Warren Buffett prepares to step down as CEO
The profits of Warren Buffett's company improved 17% thanks to a relatively mild hurricane season and more paper investment gains this year as Omaha-based Berkshire Hathaway continues to prepare for the legendary 95-year-old investor to relinquish the CEO title in…
The mega-investor's company reports robust third-quarter results, with its enormous cash reserves at record levels.
The Berkshire Hathaway title is worse than the S&P 500. The liquidity is still growing, but the relay at the top weighs.
Buffett remains net seller with no buybacks while Abel prepares to take CEO role
Warren Buffett’s penultimate quarter running Berkshire Hathaway delivered a stark mix of strength and restraint. Operating earnings rose 34% year over year to $13.5 billion, powered by a sharp rebound in insurance underwriting to $2.4 billion and solid gains at BNSF Railway and the manufacturing, service, and retailing businesses. Earnings fell at Berkshire Hathaway Energy and in insurance investment, a reminder that the portfolio is still expos…
Warren Buffett’s Berkshire Hathaway Reports Record High Cash Balance of Over $380 Billion
Warren Buffett’s Berkshire Hathaway reached a new record of $381.7 billion in cash and short-term investments, according to a third-quarter financial report released on Nov. 1. The conglomerate’s latest quarterly report, filed with the United States Securities and Exchange Commission (SEC), stated that it ended the third quarter with over $76 billion in cash and cash equivalents, as well as $305 billion in short-term investments in U.S. Treasury…
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