Berkshire Hathaway Inc on Saturday posted a third-quarter loss, as the conglomerate run by billionaire Warren Buffett stated it misplaced cash on its stock investments and from insurance underwriting.
The web loss of $2.69 billion, or $1,832 per Class A share, in contrast with a revenue of $10.34 billion, or $6,882 per share, a 12 months earlier.
Operating revenue rose 20% to $7.76 billion, or about $5,294 per Class A share, from $6.47 billion, or about $4,331 per share, a 12 months earlier, helped by international forex positive factors and enchancment in a number of companies.
Berkshire additionally repurchased $1.05 billion of its personal stock within the quarter, and has repurchased $5.25 billion this 12 months.
