(Source: Bloomberg News, August 2, 2013)
NEW YORK — Berkshire Hathaway Inc. said second-quarter profit climbed 46 percent on Chairman Warren Buffett’s derivative bets and gains at the company’s railroad. Net income rose to $4.54 billion, or $2,763 a share, from $3.11 billion, or $1,882, a year earlier, the Omaha, Nebraska-based company said today in a regulatory filing. Operating earnings, which exclude some investment results, were $2,384 a share, beating the $2,166 average estimate of three analysts surveyed by Bloomberg.
Net income from BNSF, Buffett’s biggest acquisition, climbed 10 percent from a year earlier to $884 million.
Full story: Bloomberg News