Berkshire Hathaway’s Q3 Cash Was Estimated at $358 Billion

Berkshire Hathaway’s cash was projected to fall to $358 billion in the third quarter from $365.5 billion, as estimates also pointed to lower share repurchases and revenue.

Third-quarter share repurchases were estimated at $1.64 billion, below $4.5 billion in the second quarter. Revenue was projected at about $102 billion, down 13% year over year.

Insurance underwriting income was projected to decline 54% to $1.47 billion, while premium revenue was expected to rise 0.6%.

Utilities and energy revenue was forecast to grow 4.7%. Berkshire had ramped up stock buybacks and investments in equities and acquisitions in the second quarter.