Buffett's company says first-quarter profit grew 10 percent as BNSF railroad rebounded

MarketsAssociated Press

Warren Buffett's company says its first-quarter profit jumped 10 percent on the strength of its railroad and insurance businesses.

Berkshire Hathaway Inc. earned $5.16 billion, or $3,143 per Class A share, during the first three months of 2015. That's up from $4.71 billion, or $2,862 per Class A share, last year.

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Most major Berkshire subsidiaries performed well. Revenue grew 7 percent to $48.6 billion.

Berkshire's BNSF railroad rebounded from last year's service problems to generate $1.045 billion net income, up from $724 million. Last year, BNSF dealt with severe cold weather and a backlog of shipments in several states.

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Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRK.A at http://www.zacks.com/ap/BRK.A