Business / Companies
Berkshire Hathaway third-quarter operating earnings fall to $12.7 billion
Net earnings dropped to $22.1 billion as investment gains shrank.
Status: source-checked.
OMAHA, Neb. — Berkshire Hathaway reported third-quarter operating earnings of $12.705 billion on Saturday, down from $13.485 billion a year earlier, according to its news release.
Net earnings attributable to shareholders were $22.112 billion, compared with $30.796 billion. The company said quarterly investment gains are “usually meaningless.”
Berkshire bought back about $9.6 billion of its own shares during the quarter. BNSF railroad earnings rose to $1.729 billion.
What we know / what we don't
What we know
- Operating earnings were $12.705 billion.
What we don't know
- The release says investors should read the full 10-Q.
The source record