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.
According to Berkshire Hathaway Inc.’s (NYSE:BRK.A) fourth-quarter earnings for fiscal year 2014, the 17% year-over-year (YoY) drop in profit can be attributed to a decline in investment gains and the fall in investment income at the insurance units by 2.7% YoY to $880 million.
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 ...
Warren Buffet’s Berkshire Hathaway Inc. (BRK.A) reported its financial results for the first quarter of its 2014 fiscal year (1QFY14; ended March 31, 2014) after the closing bell Friday. The Omaha, Nebraska-based company missed both revenue and earnings estimates for the quarter.
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.