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Berkshire Hathaway buys back $9.6bn in shares as profit falls

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Neutral summary

Berkshire Hathaway bought back $9.6bn of its own shares in the third quarter, more than doubling its repurchase pace from the prior quarter, the conglomerate said on Saturday. Operating profit fell 28% to $9.7bn, while net earnings declined 28% on weaker insurance and investment results. Cash reserves grew to $377bn. Berkshire’s shares outperformed the S&P 500 during the period. New chief executive Greg Abel, who took over from Warren Buffett, was a net seller of stocks but accelerated buybacks and expanded investments in new businesses. Handelsblatt reports Abel is also benefiting from Wall Street’s AI-driven anxiety, which pushes investors toward more conservative assets. Business Insider notes Abel, like Buffett, made few changes to Berkshire’s stock portfolio last quarter.

How it was framed

Outlets: 6. Countries: 4. Facts in the shared core: 3.

Publication timeline

  1. · Financial Times (outlet profile)

    Berkshire Hathaway ploughs $9.6bn into share buybacks. New chief executive Greg Abel was a net seller of stocks as the conglomerate’s shares beat the S&P 500

  2. · CNBC (outlet profile)

    Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline. Berkshire Hathaway said Saturday it accelerated its share repurchases during the third quarter, as operating and overall profits took a…

  3. · Business Insider (outlet profile)

    Warren Buffett isn't running Berkshire anymore. You wouldn't know it.. Warren Buffett's successor, Greg Abel, followed his lead in making few changes to Berkshire's stock portfolio last quarter.

  4. · Handelsblatt (outlet profile)

    US-Holdinggesellschaft: Berkshire Hathaway kauft mehr eigene Aktien zurück. Der Konzern kaufte im dritten Quartal eigene Aktien für 9,6 Milliarden Dollar zurück. Zugleich investiert der Konzern in neue Unternehmen.

  5. · Wirtschaftswoche (outlet profile)

    Börse: Berkshire Hathaway kauft eigene Papiere im Wert von 9,6 Milliarden Dollar zurück. Berkshire Hathaway greift wieder stärker zu und kauft eigene Aktien zurück. Unter Greg Abel kommt Bewegung in die gewaltigen Geldr…

  6. · Handelsblatt (outlet profile)

    Quartalszahlen: Berkshire meldet Gewinnrückgang, doch die Aktie profitiert. Berkshire Hathaway kaufte im dritten Quartal eigene Aktien für 9,6 Milliarden Dollar. Buffetts Nachfolger Greg Abel profitiert zudem von der KI…

  7. · InfoMoney (outlet profile)

    Berkshire lucra 28% menos, mas recompra US$ 9,6 bi e tem US$ 377 bi em caixa. Conglomerado de Warren Buffett registra queda nos ganhos com ações e seguros, enquanto novo CEO Greg Abel acelera recompras e amplia investim…

Factual core

  • Berkshire Hathaway bought back 9.6 billion dollars of its own shares in the third quarter.
  • Greg Abel is Warren Buffett's successor at Berkshire Hathaway.
  • New CEO Greg Abel accelerated share buybacks.

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