Berkshire Hathaway Buys Back Billions as Profits Dive
The conglomerate accelerated share repurchases in the third quarter even as overall profit fell more than 28%.
Berkshire Hathaway accelerated its share repurchases during the third quarter, a move reported by CNBC.
The company said on Saturday that it increased its share repurchases in that period.
In total, Berkshire Hathaway repurchased $9.6 billion of its own shares in the third quarter, according to The Washington Times.
At the same time, the conglomerate's overall profit fell more than 28%, with operating and overall profits taking a hit as investment values shifted, and Geico expressed disappointment.
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Original reporting
CNBC
Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline
Berkshire Hathaway said Saturday it accelerated its share repurchases during the third quarter, as operating and overall profits took a hit.
Read the original →The Washington Times
Berkshire Hathaway buys back $9.6B of its own stock but its profits declined
Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico disappointed and its overall profit fell more than 28% as the value of its investments changed.
Read the original →
Facts this version was allowed to use
- Berkshire Hathaway accelerated its share repurchases during the third quarter, CNBC reported.
- Berkshire Hathaway said Saturday it increased its share repurchases in the third quarter.
- Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, according to The Washington Times.
- Berkshire Hathaway's overall profit fell more than 28%, according to The Washington Times.
- Berkshire Hathaway's operating and overall profits took a hit, according to CNBC.
- Berkshire Hathaway's overall profit fell as the value of its investments changed, according to The Washington Times.
- Geico disappointed, according to The Washington Times.
- Berkshire Hathaway
- third quarter
- Saturday
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