FX.co ★ Berkshire Hathaway Turns To Profit In Q3

Warren Buffett's investment conglomerate, Berkshire Hathaway Inc. (BRK.A, BRK.B), disclosed that its net earnings attributable to shareholders for the third quarter reached $26.25 billion, translating to $18,272 per Class A share. This performance marks a significant turnaround from the loss of $12.77 billion, or $8,824 per Class A share, reported in the same period the previous year.

The latest quarter observed investment gains amounting to $20.51 billion, a considerable improvement from the investment losses of $29.78 billion recorded the year before.

However, operating earnings experienced a slight decline, falling to $10.09 billion from $10.76 billion in the previous year.

Overall, total revenues for the third quarter slightly decreased to $92.995 billion, compared to $93.210 billion in the corresponding quarter last year.