{
  "id": 18842313,
  "title": "Berkshire ramps up buybacks under new CEO Greg Abel as Q3 operating profit falls 6%",
  "url": "https://urgent.news/2026/11/08/berkshire-ramps-up-buybacks-under-new-ceo-greg-abel-as-q3-operating",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-08T01:53:39.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/berkshire-ramps-buybacks-under-new-ceo-greg-abel-q3-operating-profit-falls-6"
  },
  "original_language": "en",
  "account": "Berkshire Hathaway, the conglomerate headed by CEO Greg Abel, increased its stock repurchases to US$9.6 billion between July and September, according to a report. This comes after the company's lower third-quarter profit, with operating earnings down 6% to US$12.71 billion and net earnings down 28% to US$22.11 billion. The declines were attributed to weaker performance in insurance businesses like Geico and lower gains on common stock investments. Despite the profit dip, Berkshire's stock has outperformed the S&P 500 by over 18 percentage points since the end of September, despite broader market sell-offs driven by concerns about AI and technology debt. The company's balance sheet strength, diversification, and share repurchases are cited as factors supporting investor interest. However, Berkshire's limited financial disclosures have raised concerns for analysts, particularly as it navigates the post-Buffett era.",
  "summary": "Berkshire says it repurchased US$9.6 billion of its own stock between July and September",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Bloomberg",
        "title": "Berkshire Hathaway’s Operating Earnings Fall, Buybacks Rise",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaways-operating-earnings-fall-buybacks-rise",
        "published": "2026-11-07T13:01:21.000Z"
      },
      {
        "outlet": "Seeking Alpha News",
        "title": "Berkshire Hathaway Q3 operating earnings -6% Y/Y, cash at $377.4B",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaway-q3-operating-earnings-6-y-y-cash-at-377-4b",
        "published": "2026-11-07T13:06:28.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Berkshire Hathaway accelerates stock buybacks, operating profit falls",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaway-accelerates-stock-buybacks-operating-profit-falls",
        "published": "2026-11-07T13:18:21.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Berkshire Hathaway ploughs $9.6bn into share buybacks",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaway-ploughs-9-6bn-into-share-buybacks",
        "published": "2026-11-07T13:53:28.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Berkshire Hathaway more than doubles buybacks in third quarter as earnings decline",
        "url": "https://urgent.news/2026/11/07/berkshire-hathaway-more-than-doubles-buybacks-in-third-quarter-as-18724948",
        "published": "2026-11-07T14:02:49.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}