OMAHA— Berkshire Hathaway reported a 28% decline in third-quarter profit to $22.1 billion, down from $30.8 billion a year earlier, largely due to changes in investment values and weaker performance at Geico. Operating earnings also fell nearly 6% to $12.7 billion, despite exceeding analyst expectations. The company repurchased $9.6 billion of its own shares during the quarter, while its cash reserves grew to $377.4 billion. Berkshire's diverse holdings include insurance companies, utilities, BNSF Railway, and several manufacturing and retail businesses.

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