Berkshire Hathaway reported third-quarter earnings above analysts’ estimates on Friday afternoon.
The conglomerate headed by Warren Buffett said its operating earnings per share came in at $US2,769, against expectations for $US2,721, according to Bloomberg.
The company said its net income doubled to a record $US9.43 billion on its Kraft Heinz holding.
Berkshire Hathaway, along with investment firm 3G, bought the ketchup maker for $US28 billion in 2013. And in March, the two firms were behind Heinz’s acquisition of Kraft Foods.
More recently, this summer, Berkshire bought Precision Castparts, a maker of metal components for aircraft and industrial gas turbines, in a $US37.2 billion deal.
Berkshire shares are down 10% year-to-date.
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