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Berkshire's operating earnings pop 18% last quarter with Buffett's cash pile at record $149 billion
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cnbc.comIn this article
Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company's cash pile hit a record high as Warren Buffett continued to sit on the sidelines.
The conglomerate reported operating income of $6.47 billion in the third quarter, rising 18% from $5.48 billion in the same quarter a year ago, according to its earnings report released on Saturday.
Berkshire said its myriad of businesses has benefited from the economic reopening as demand started to return to pre-pandemic levels. Operating earnings from its railroad, utilities and energy segment grew 11% year over year to $3.03 billion in the third
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