Why it matters
The results offer a snapshot of investment and insurance performance at a major U.S. company; shareholders and investors may watch how those businesses affect future earnings and capital decisions.
ECONOMY • UNITED STATES
Berkshire Hathaway profit falls 28% as share buybacks rise
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BLUF
Berkshire Hathaway’s quarterly net income fell 28%, with reports citing smaller investment gains and lower insurance profits. The company repurchased $9.6 billion of its own shares during the quarter.
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