Associated Press - May 8, 2009 6:25 AM ET UPDATE: Full Berkshire earnings release here OMAHA, Neb. (AP) - Warren Buffett's company will release its first-quarter earnings report Friday afternoon. Buffett offered a preview of Berkshire Hathaway's quarterly earnings at last weekend's shareholders' meeting that attracted roughly 35,000, but he did not include the full details such as net income. Buffett said Berkshire's operating profit would drop roughly 10%, to $1.7 billion in the first quarter. Operating profit does not include gains and losses on Berkshire's investments and derivatives, which have had a significant impact on the Omaha-based company's reported profits in recent quarters. Berkshire owns more than 60 subsidiaries and it has major investments in such companies as Coca-Cola Co. and Wells Fargo & Co. On the Net: Berkshire Hathaway Inc.: http://www.berkshirehathaway.com
Full earnings release here
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