Credit: Reuters/Rick Wilking(UNITED STATES - Tags: BUSINESS) - RTR3NN77
Berkshire Hathaway CEO Warren Buffett points after throwing a newspaper during a competition at a trade show, at the company's annual meeting in Omaha, Nebraska May 3, 2014. 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 disrupted shipping at its BNSF Railway unit.
Net income slipped to $4.617 billion, or $2,811 per Class A share in the third quarter, from $5.05 billion, or $3,074 per Class A share, a year earlier.
Quarterly operating profit rose to $4.724 billion, or $2,876 per Class A share, from $3.66 billion, or $2,228 per Class A share.
Analysts on average expected earnings of $2,593.85 per share, according to Thomson Reuters I/B/E/S.
(Reporting by Luciana Lopez and Jonathan Stempel; Editing by Bernard Orr)
Posted by Unknown on Friday, November 7, 2014 - Rating: 4.5
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