From Morningstar: 2024-11-02 17:32:04

In the third quarter, Berkshire Hathaway reported adjusted operating results in line with expectations, with revenue increasing 78.9% to $113.5 billion. Operating earnings, excluding investment gains/losses, decreased 6.2% to $10.1 billion. Book value per share rose 23.0% to $446,906, driven by improvements in insurance operations and equity investments.

The company closed the quarter with $325.2 billion in cash and cash equivalents, but did not repurchase any shares, marking the first quarter without buybacks since 2018. Berkshire has around $282.4 billion available for investments, acquisitions, and share repurchases in the fourth quarter.



Read more at Morningstar: Berkshire Hathaway Earnings: Cash Stockpile Hits…