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Berkshire profits slide as derivatives erase gains
Warren Buffett's Berkshire Hathaway reports a 40 percent drop in second quarter net income to 1.97 billion with earnings per share of 1195 on revenue of 31.7 billion. Operating earnings rise 73 percent to 3.1 billion while derivatives and investment losses offset gains. Analysts expected higher per share profits, excluding these items.
MENTIONED IN THIS ARTICLE
Omaha
Neb
Warren Buffett
Berkshire Hathaway Inc
Berkshire
Andy Kilpatrick
Buffett
Thomson Reuters