Berkshire Hathaway accelerates stock buybacks, operating profit falls | live
Nov 7 (Reuters) - Berkshire Hathaway on Saturday reported a lower third-quarter operating profit as insurance underwriting results declined, and said it bought back $9.6 billion of stock in the quarter. The repurchases are in addition to the $4.8 billion of stock that Berkshire repurchased earlier this year. Quarterly operating profit fell 6% to $12.71 billion, or about $8,954 per Class A share, from $13.49 billion a year earlier.
Nov 7 (Reuters) - Berkshire Hathaway on Saturday reported a lower third-quarter operating profit as insurance underwriting results declined, and said it bought back $9.6 billion of stock in the quarter. The repurchases are in addition to the $4.8 billion of stock that Berkshire repurchased earlier this year. Quarterly operating profit fell 6% to $12.71 billion, or about $8,954 per Class A share, from $13.49 billion a year earlier.
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