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Berkshire Hathaway 2nd-quarter profit rises 46 pct
August 2, 2013 / 9:16 PM / in 4 years

Berkshire Hathaway 2nd-quarter profit rises 46 pct

Aug 2 (Reuters) - Warren Buffett’s Berkshire Hathaway Inc on Friday said second-quarter profit rose 46 percent, reflecting gains from investments and derivatives and higher earnings from non-insurance businesses.

Net income rose to $4.54 billion, or $2,763 per Class A share, from $3.11 billion, or $1,882 per share, a year earlier.

Operating profit rose 5 percent to $3.92 billion, or $2,384 per Class A share, from $3.72 billion, or $2,252 per share.

Analysts’ on average expected operating profit of $2,170 per share, according to Thomson Reuters I/B/E/S.

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