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المشهد العربي
Source: المشهد العربي
2 Hrsالمشهد العربي
Source: المشهد العربي
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Berkshire Hathaway reported a 6% drop in third-quarter operating earnings to $12.71 billion, while net income fell 28% to $22.11 billion compared with the same period last year. The company attributed the decline in operating performance to a 26% drop in insurance revenue, as weaker underwriting results and lower profits at Geico—driven by higher claims and advertising expenses—offset improved performance at its railroad business. The group bought more than $9.6 billion worth of shares during the quarter and ended it with nearly $357 billion in cash. Over the first nine months of the year, its net income rose 21% to $57.89 billion.
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