Berkshire Hathaway’s Operating Earnings Fall, Buybacks Rise
· bloomberg.com · popularity 54/100 · 1 similar story today · Corporate News & M&A (Business & Finance)
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Summary
Berkshire Hathaway Inc. spent about $9.6 billion to buy back its own shares in the third quarter, a sign the company’s executives viewed the stock as undervalued. But declining insurance underwriting weighed on its operating earnings in a mixed quarter for the company.
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