Berkshire Hathaway said on Friday second-quarter profit fell 8 percent, hurt by losses tied to derivatives contracts and reflecting lower insurance premiums.
Net income for the Omaha, Nebraska -based insurance and investment company fell to $2.88 billion, or $1,859 per Class A share, from $3.12 billion, or $2,018, a year earlier.
Operating profit declined 10 percent to $2.27 billion, or $1,465 per share, from $2.51 billion, or $1,625, a year earlier.
Shares of Berkshire Hathaway closed at $115,750
[BRK 115750.0 275.00 (+0.24%) ] Friday.
Share Investor Stockmarket forum Discuss this topic further