Berkshire Hathaway Q3 Operating Earnings Down

(RTTNews) - Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its third-quarter operating earnings declined to $5.48 billion from $8.07 billion in the prior year.

But, net earnings attributable to shareholders for the third-quarter surged to $30.14 billion or $18,994 per Class A share from $16.52 billion or $10,119 per Class A share in the same quarter last year.

The latest-quarter results included gains of $22.4 billion compared to gains of $8.0 billion last year due to changes in the unrealized gains that existed in its equity security investment holdings.

Total revenues for the third-quarter declined to $63.02 billion from $64.97 billion in the previous year.

The company noted that about $9 billion was used to repurchase its shares in the third quarter.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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