Yesterday, November 7, Warren Buffett’s investment company Berkshire Hathaway unveiled results its activities for the third quarter. The company said its total revenues were $ 63 billion, down 3% from a year earlier. However, net profit reached $ 30.1 billion, which is 82% more than a year earlier ($ 16.5 billion). Analysts explainthat the significant increase in profits was largely due to the increase in the value of Warren Buffett’s stakes in companies such as Apple, Coca-Cola, American Express and Bank of America.
In addition, Berkshire Hathaway sent a record $ 9 billion to buy back its shares from the market in the third quarter. restrictions – in the second quarter, $ 5 billion was spent on the buyback. Thus, according to the calculations of the TV channel CNBCSince the beginning of 2020, Warren Buffett’s investment company has already spent $ 15.7 billion on buybacks of its shares from the market, trying to maintain their value.
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