Berkshire Hathaway second-quarter profit rises 46 percent Reuters – 26 minutes agoEmail0Share0PrintRELATED QUOTESSymbol Price Change NVE 23.73 +0.0400 BRK-A 176,500.00 +800.00 IBM 195.16 -0.6500
(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, reflecting gains from investments and derivatives and higher earnings from non-insurance businesses.
Net income rose to $4.54 billion, or $2,763 per Class A share, from $3.11 billion, or $1,882 per share, a year earlier.
Operating profit rose 5 percent to $3.92 billion, or $2,384 per Class A share, from $3.72 billion, or $2,252 per share.
Analysts' on average expected operating profit of $2,170 per share, according to Thomson Reuters I/B/E/S.
(Reporting by Jennifer Ablan and Jonathan Stempel in New York; Editing by Leslie Adler)
|