Berkshire Hathaway Reported a Third-Quarter Net Loss
Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) reported its third-quarter earnings on Saturday. Despite a net loss of $12.77 billion, the company’s operating income showed a significant increase, rising by 40.65% from the year-ago period to $10.76 billion. Losses Explained: Buffet did not address shareholders in a letter, but the company attributed the losses to …