Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit fell 4 percent, as earnings from its insurance underwriting operations declined. Net income fell to $4.71 billion, or $2,862 per Class A share, from $4.89 billion, or $2,977, a year earlier.Quarterly operating profit fell 7 percent to $3.53 billion, or $2,149 per share, from $3.78 billion, or $2,302 per share.Book value per share, Buffett's preferred measure of growth, rose 2.6 percent from year-end to $138,426 from $134,973.Results were released a day before Buffett and Vice Chairman Charlie Munger welcome tens of thousands of shareholders to Berkshire's annual meeting in Omaha, part of a weekend of events that Buffett calls "Woodstock for Capitalists."
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A fell by 0.63% or $-1228.0/share to $192255.00. In the past year, the shares have traded as low as $159632.00 and as high as $193800.00. On average, 385 shares of BRK-A exchange hands on a given day and today's volume is recorded at 205.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B fell by 0.75% or $-0.97/share to $128.09. In the past year, the shares have traded as low as $106.24 and as high as $129.25. On average, 3899790 shares of BRK-B exchange hands on a given day and today's volume is recorded at 4275402.
Source
