earnings
confidence high
sentiment positive
materiality 0.75
Berkshire Q3 operating earnings rise 18% to $6.5B; repurchases $7.6B in stock
BERKSHIRE HATHAWAY INC
- Operating earnings $6,466M vs $5,478M in Q3 2020, up ~18% YoY.
- Net earnings attributable to Berkshire $10,344M ($6,882 per Class A share) vs $30,137M last year due to lower investment gains.
- Share repurchases totaled ~$7.6B in Q3, bringing 9-month total to ~$20.2B.
- Insurance float reached ~$145B at Sept 30, up $7B from year-end 2020.
- Railroad, utilities & energy segment earnings $3,034M vs $2,742M; other businesses $2,706M vs $2,346M.