Berkshire Hathaway Spends $9.6B On Buybacks Despite Profits Plummeting

Berkshire Hathaway accelerated stock repurchases in the third quarter, as new CEO Greg Abel demonstrated greater willingness to put its enormous cash hoard to use than his predecessor Warren …

Its overall profit fell more than 28% as the value of its investments changed.

With Warren Buffett gone for not even a year, Berkshire Hathaway is already facing questions over its investment decisions.

Company's cash pile also returned to growing in the third quarter

OMAHA, Neb. (AP) — Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico's numbers got worse as it invested more in ads and its overall profit fell …

OMAHA, Neb. (AP) — Berkshire Hathaway repurchased $9.6 billion worth of its own shares in the third quarter, but Geico's numbers got worse as it invested more i

Berkshire Hathaway said Saturday it accelerated its share repurchases during the third quarter, as operating and overall profits took a hit.

Berkshire Hathaway B earnings beat by $4.55, revenue topped estimates

Berkshire Hathaway steps up buybacks as operating profit falls

Berkshire Hathaway accelerates stock buybacks, operating profit falls

Berkshire Hathaway shares roared past the S&P 500 index this week and are outperforming the benchmark for the year-to-date.