Berkshire Hathaway buys back $9.6B of its own stock but profits decline
Its overall profit fell more than 28% as the value of its investments changed.
ARCHIVED · 1 LEFT · 1 CENTER · 0 RIGHT · Nov 7, 9:42 PM
ABC News - Business and Courthouse News describe the same event in different terms.
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Still Watching. The left frames it as "Berkshire Hathaway buys back $9.6B of its own stock but profits decline". The center frames it as "Berkshire Hathaway buys back $9.6 billion of its own stock but its profits declined".
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Its overall profit fell more than 28% as the value of its investments changed.
The conglomerate's third-quarter earnings dropped more than 28% amid weaker Geico performance and investment fluctuations, despite a multibillion-dollar share repurchase.