Berkshire Profit Advances 46% on Railroad

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Aug. 2 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway said profit climbed 46 percent in the second quarter on gains at the company’s railroad and derivative bets. Carol Massar reports on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

You went through the earnings-per-share number before.

It is a beta for berkshire hathaway.

-- beat for archer hathaway.

In all, you had -- beat for berkshire hathaway.

In all, you had profits.

Warren buffett bus company climbing 46 % in the quarter.

-- warren buffett's company climbing 46% in the quarter.

Hard of that was due to his rail -- part of that was due to his rail acquisitions.

You also had the economy rebounding, which helped the businesses.

They do most of their businesses in the world's largest economy, the u.s. economy, so as the u.s. economy has seen momentum, that has benefited warren buffett and berkshire hathaway.

Again, the per-share price beat estimates.

Again, a pretty good quarter for shares of berkshire hathaway and

This text has been automatically generated. It may not be 100% accurate.

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