Berkshire Earnings Have Beat Expectations By $283 Per Share

Warren buffettAP ImagesWarren Buffett

Warren Buffett’s Berkshire Hathaway just reported third quarter operating earnings per share of $US2,876, crushing estimates by $US283 per share. Expectations were for earnings to come in at $US2,593 per share.

Net earnings per Berkshire shares totaled $US2,811.

Revenue in Berkshire’s third quarter came in at $US51.2 billion, up from $US46.5 billion a year ago.

Earnings for holders of Berkshire ‘B’ shares are equivalent 1/1,500 of the Class A amount.

On Friday, Class A shares of Berkshire Hathaway closed at $US214,970, a new all-time high.

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