reuters.com

Berkshire Steps Up Buybacks as Cash Falls and Profit Beats Forecasts

Berkshire Hathaway logoBerkshire Hathaway
Sig3.38Sen+2.35Env0.00Soc0.00Gov+0.85

Berkshire accelerated share buybacks, purchasing nearly $20 billion more stock than it sold and ending 14 straight quarters as a net seller. Cash fell to $364.7 billion. Operating profit and net income rose as results beat forecasts, though consumer businesses faced weaker demand and insurance profit declined. Greg Abel took over as CEO.

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