New York | Warren Buffett’s Berkshire Hathaway reported a two-thirds decline in profits in the third quarter compared with the same period last year, while its cash pile hit a new record despite increased share buybacks.
The sprawling conglomerate said on Saturday (Sunday AEDT) that its net earnings fell to $US10.3 billion ($13.9 billion), or $US6882 per class A share, in the third quarter.
