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Berkshire Hathaway's Record $157 Billion Cash Pile Signals Earnings Highlights

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Source: Investopedia
Berkshire Hathaway's Record $157 Billion Cash Pile Signals Earnings Highlights
Photo: Investopedia
TL;DR

Berkshire Hathaway reported a net loss of $12.77 billion in the third quarter, but its operating income rose by 40.65% to $10.76 billion. The company's cash hoard reached a record $157.2 billion, largely invested in U.S. Treasury bills. Stock buybacks slowed down in the third quarter, with $1.1 billion in repurchases. Apple's 12% drop in the quarter negatively impacted Berkshire's stock portfolio. Charlie Munger praised the firm's Japanese trading company bets, which have yielded significant returns.

Topics:top-newsbusiness#berkshire-hathaway#business#cash-hoard#earnings#stock-portfolio#warren-buffett
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  1. Berkshire Hathaway's Cash Hoard Hit a Record. Here Are 4 Earnings Highlights  Investopedia
  2. Berkshire Hathaway's cash reserve reaches all-time high of $157.2 BN | World Business Watch  WION
  3. Warren Buffett sits tight on cash as Berskhire investments take a hit: reports  Fox Business
  4. Berkshire Hathaway posts 40% surge in operating earnings and record cash  CNN
  5. Warren Buffett's Berkshire Hathaway Sits on Record $157 Billion Cash Pile  The Wall Street Journal

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