Deals
Berkshire Profit Climbs 32%, Capping Record Year for Buffett
- Operating earnings beat analysts' estimates in quarter
- Buffett benefits from Berkshire's energy, insurance operations
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Berkshire Hathaway Inc., the conglomerate controlled by billionaire Warren Buffett, said fourth-quarter profit climbed 32 percent on investments and earnings from the company’s expanding stable of operating businesses.
Net income rose to $5.48 billion, or $3,333 a share, from $4.16 billion, or $2,529, a year earlier, the company said Saturday in a statement. Operating earnings, which exclude some investment results, were $2,843 a share, beating the average $2,814 estimate of three analysts surveyed by Bloomberg.