Berkshire 3Q Profit Falls 8.6% to $4.62 Billion on Investments

Features Reuters

Warren Buffett's Berkshire Hathaway Inc on Friday said quarterly profit fell 8.6 percent from the year-ago period, as it posted a loss on investments and derivatives from a year-earlier gain.

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Net income slipped to $4.617 billion, or $2,811 per Class A share in the third quarter, from $5.05 billion, or $3,074 per Class A share, a year earlier.

Quarterly operating profit rose to $4.724 billion, or $2,876 per Class A share, from $3.66 billion, or $2,228 per Class A share.

Analysts on average expected earnings of $2,593.85 per share, according to Thomson Reuters I/B/E/S. (Reporting by Luciana Lopez and Jonathan Stempel; Editing by Bernard Orr)