Buffett's Berkshire Posts Loss as Stocks Fall, Operating Profit Rises
Berkshire Hathaway Q3 operating earnings jumped 41% Y/Y, strong performance in its insurance businesses, both in underwriting and investment income. Those were partially offset by profit declines in utlities and energy and its railroad.The company bought back $1.1B of its common stock during the quarter, compared with ~$1.4B in Q2, bringing year-to-date purchases to $7.0BQ3 operating earnings of $10.8BB rose from $10.0B in Q2 and $7.65B in the year-ago quarter.Insurance float of $167B at Sept.