NEW YORK (Reuters) - Warren Buffett's conglomerate Berkshire Hathaway Inc reported a smaller profit for the first quarter, as reinsurance losses from the March 11 earthquake in Japan dragged down results.
Warren Buffett's ice-cream-to-insurance conglomerate Berkshire Hathaway reported a smaller profit for the second quarter on Friday as losses on derivatives dragged down results, though operating income ...
NEW YORK (Reuters) - Warren Buffett's conglomerate Berkshire Hathaway reported a larger second-quarter profit on Friday, as favorable investment results and strength in the rail and manufacturing businesses offset another underwriting loss in insurance.
(Reuters) - Warren Buffett's conglomerate Berkshire Hathaway reported a smaller third-quarter profit on Friday after recording losses of more than $2 billion on derivatives related to stock market performance.
Legendary investor Warren Buffett's insurance and investment giant Berkshire Hathaway (BRK.B) reported a strong headline number Friday afternoon. Revenue jumped 22% year-over-year to $41 billion, greater than the consensus estimate. Reported earnings surged 72% year-over-year to $3.9 billion, which also exceeded consensus estimates. Buffett's favorite metric, book value, is up 11.9% year-to-date to $111,718 per Class A share.