Berkshire Hathaway’s Earnings Climb 13%
From Reuters
Berkshire Hathaway Inc., the company run by billionaire Warren Buffett, said quarterly profit rose 13% as a decline in insurance losses helped offset a $619-million loss from betting that the U.S. dollar would fall.
Second-quarter net income for the Omaha-based company rose to $1.45 billion, or $941 per Class A share, from $1.28 billion, or $834, a year earlier. Revenue rose 1% to $18.13 billion.
