Berkshire Hathaway has a record-high cash reserve of $381.7 billion after increasing its third-quarter earnings by 34% from a year ago, the firm reported.

Berkshire's operating profit generated from the conglomerate's wholly owned businesses including insurance and railroads jumped 34% in the third quarter.

For the fifth straight quarter, the firm declined to buy back its own shares, even after sliding 12% since May, when Buffett said he would step down as CEO by year's end.

Berkshire Hathaway alcanza un nuevo récord en la acumulación de efectivo en el tercer trimestre, pero se deshace de 6.100 millones en acciones

Berkshire Hathaway has a record-high cash reserve of $381.7 billion after increasing its third-quarter earnings by 34% from a year ago, the firm reported.