Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit declined 4 percent, falling short of analyst forecasts, as earnings from insurance underwriting declined and bad weather hurt results at its BNSF Railway unit.Results nonetheless benefited from strength in many businesses, including a one-third increase from underwriting at its Geico car insurance unit, and improvement at economically-sensitive businesses such as its Clayton Homes mobile home unit.First-quarter 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.
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 4277757.
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