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Buffett's Berkshire posts loss as stocks fall, operating profit rises

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Domaine de Grand Pré’s Recipe for Award-Winning Service and Hospitality | SaltWire - Warren Buffett's Berkshire Hathaway Inc on Saturday posted its first overall quarterly loss in a year as the prices of stocks it owns fell, while improved results from insurance operations bolstered operating profit.

Berkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier. Operating profit rose 41% to $10.76 billion, or $7,444 per Class A share, from $7.65 billion a year earlier. Berkshire said it repurchased $1.1 billion of its stock in the quarter, and has bought back about $7 billion this year.

 

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Buffett's Berkshire posts loss as stocks fall, operating profit risesBerkshire said its third-quarter net loss was $12.77 billion, or $8,824 per Class A share, and compared with a $2.8 billion loss a year earlier. Operating...
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