Berkshire Hathaway's Q3 profits surged to $26.25 billion, driven by investment gains and cash sales.

Warren Buffett's Berkshire Hathaway reported a significant third-quarter profit of $26.25 billion, largely due to investment gains, while maintaining over $325 billion in cash. The company continues to sell shares, notably reducing its stake in Apple to $69.9 billion from $174.3 billion last year. Despite this, operating earnings fell 6% to $10.09 billion, and revenue was stable at $92.995 billion. Berkshire Hathaway owns a diverse range of businesses, including insurance and retail.

November 02, 2024
57 Articles