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Berkshire Hathaway earnings take a dip on investments

November 7, 2014

Warren Buffett at the Berkshire Hathaway Inc. Annual Shareholders MeetingWarren Buffett at the Berkshire Hathaway Inc. Annual Shareholders Meeting
Warren Buffett, chairman of Berkshire HathawayPhotograph by Daniel Acker—Bloomberg/Getty Images

Warren Buffett’s Berkshire Hathaway Inc on Friday said quarterly profit fell 8.6 percent from the year-ago period, as it posted a loss on investments and derivatives from a year-earlier gain.

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)