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Warren Buffet's Berkshire Hathaway posted operating income of $ 6.88 billion in the third quarter of 2018, up from $ 3.44 billion in the same period last year.
According to CNBC, it expected operating profit of $ 6.11 billion.
According to the website, insurance results and lower taxes have allowed the company to grow strongly.
Profit after tax was $ 18.54 billion, compared to $ 4.20 billion the previous year.
Profit before tax was $ 23.15 billion, compared to $ 5.63 billion the year before.
Revenues were $ 63.45 billion, up from $ 59.51 billion in the third quarter of 2017.
According to CNN, Birkshire Hathaway will have bought back its own shares for nearly $ 1 billion over the period.
See the full report here.
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