Warren Buffett’s Berkshire Hathaway just reported second quarter earnings that missed expectations.
The conglomerate reported operating earnings per Class A share of $US2,367 per share in the second quarter, missing expectations for earnings of $US3,038, according to estimates from Bloomberg.
Berkshire Hathaway Class A shares currently trade at around $US215,000 per share; Class B shares trade at 1/1,500 the price, or around $US143.
Revenue in the second quarter totaled $US51.4 billion.
Since the beginning of the year, Berkshire’s shareholders’ equity has increased $US5.9 billion.
Book value per Class A equivalent share has increased by 2.4% to $US149,735, and insurance float (the net liabilities the company assumes under insurance contracts) totaled $US85.1 billion at June 30.