Berkshire Emerges from Recession With Sharply Higher Operating Profits

Berkshire Hathaway posted sharply higher operating profits for the second quarter of 2010 thanks to strength in the insurance operations and major improvements in the company’s diverse collection of economically sensitive subsidiaries. However, quarterly net earnings declined to $1.97 billion from $3.3 billion in the prior year period primarily due to losses in the derivatives portfolio caused by broad declines in market indices in the second quarter. Book value per share declined to $86,661 per Class A share, down 3 percent for the quarter due to unrealized losses in Berkshire’s large portfolio of publicly traded stocks. Read this article for full details on Q2 Results.

Berkshire Reports Strong Q1 2010 Results

Berkshire Reports Strong Q1 2010 Results

Berkshire Hathaway reported strong results for the first quarter of 2010 with book value per share rising 5.8 percent to $89,374 per Class A share which represents a record high (all per share figures in this article will refer to Class A shares). Operating earnings, which excludes the impact of volatile investment and derivatives gains or losses, rose to $1,390 per share from $1,100 for the first quarter of 2009 representing a 26.3 percent increase. Read this article for more details.

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