Berkshire Hathaway's Q3 Operating Earnings Fall 6% to $12.7 Billion; Buybacks Rise to $9.6 Billion
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Berkshire Hathaway reported a 6% decline in third-quarter operating earnings to $12.7 billion, according to Barron's. The conglomerate more than doubled its stock buybacks in the quarter, repurchasing $9.6 billion of its own shares, as reported by CNBC and the Financial Times. Bloomberg noted the rise in buybacks alongside falling operating earnings. The Wall Street Journal reported that quarterly profit fell after investment gains shrank. The results reflect a period of weaker operational performance offset by increased capital returns to shareholders through accelerated share repurchases.
Source report
Berkshire Hathaway reported a decline in third-quarter operating earnings while significantly increasing its share buybacks, according to multiple media reports.
Key Figures
- Operating earnings: Fell 6% year-over-year to $12.7 billion in the third quarter (Barron's)
- Share buybacks: Reached $9.6 billion, more than double the prior period (CNBC, Financial Times)
Earnings Pressure
Berkshire's quarterly profit declined after investment gains shrank, The Wall Street Journal reported. Bloomberg also noted the drop in operating earnings alongside the rise in buybacks.
Buyback Activity
The company deployed $9.6 billion into share repurchases during the quarter — a sharp acceleration in buyback activity even as operating results weakened, according to CNBC and the Financial Times.
Sources: Bloomberg, CNBC, Barron's, The Wall Street Journal, Financial Times
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Berkshire operating earnings fall 6% to $12.7 billion as buybacks hit $9.6 billion