Reported about 15 hours ago
Berkshire Hathaway has reported an increase in profits, with operating profit rising 34% to $13.49 billion for the third quarter, as cash reserves hit a record $381.7 billion. Despite strong financial results, the company remains cautious about market conditions, having sold more stocks than it purchased in its equity portfolio for the 12th consecutive quarter. This marks the last financial report under CEO Warren Buffett, who will step down by the year's end, handing over to Vice Chairman Greg Abel, known for a more active management style.
Source: YAHOO