Berkshire Profit Jumps 34% as Buybacks Stay Frozen

Berkshire Hathaway's operating earnings jumped 34% in the third quarter to $13.49 billion, up from $10.09 billion a year earlier, according to the company's SEC filing. Despite the surge, Berkshire repurchased zero shares of its own stock during the quarter, and its combined cash and Treasury bill position climbed to a record $381.7 billion. $BRK.B is piling up cash at a record pace even as its own stock stays off the buy list.