News Details

( 06 Nov 2017)
Berkshire Hathaway Q3 profit falls

Omaha, Nebraska-based Berkshire Hathaway reported Q3 profit of USD 4.07 billion or USD 2,473 per class A share, down from USD 7.20 billion or USD 4,379 per share Class A share last year.

Excluding items, operating earnings for the third quarter was USD 3.44 billion or USD 2,094 per share, down from USD 4.85 billion or USD 2,951 per share last year.

The company's insurance underwriting business reported an operating loss of USD 1.44 billion compared to an earnings of USD 272 million last year. Insurance investment income rose to USD 1.04 billion from USD 850 million last year. Railroad, utilities and energy unit's operating earnings for the quarter rose to USD 2.01 billion from USD 1.95 billion last year.