Berkshire Hathaway operating profit beats estimate
8/3/12 6:16 PM ET (MarketWatch)
SAN FRANCISCO (MarketWatch) -- Warren Buffett's Berkshire Hathaway Inc. late Friday reported its second-quarter operating earnings rose to $3.72 billion, or $2,252 per Class A share, from $2.7 billion, or $1,640 per Class A share, a year ago. Operating earnings exclude net realized investment gains and losses. The quarterly results are significantly above $1,776.64 a share forecast by analysts in a Thomson Reuters survey. Net income fell to $3.11 billion, or $1,882 per class A share, from $3.42 billion, or $2,072 per Class A share, in the year-earlier period.