- Q2 net earnings of $4.262B or $2,592 per Class A share vs. $5B and $3,042 a year ago. Operating earnings of $4.119B or 2,505 per Class A share vs. $4.6B and $2,803 a year ago.
- Accounting for much of the decline was a drop in insurance underwriting operating earnings from $337M in Q2 a year ago to a loss of $22M this year.
- Checking other operations, insurance investment income of $965M vs. $978M a year ago; railroad utilities and energy income of $1.474B vs. $1.254B; other businesses income of $1.994B vs. $1.889B.
- June 30 book value per share of $182,816 is up 6.2% year-to-date.
- The insurance float on June 30 of $107B is up about $16B YTD.
- The IBM stake as of June 30 was $8.3B, implying ownership of about 54M shares vs. 64M three months earlier.
- Previously: Berkshire Hathaway (NYSE:BRKa) misses by $295.98 (Aug. 4)
- BRK.B is trading hands at $177.90 premarket vs. Friday's close of $179.92.
- BRK.A no trades
- Now read: Retirement Strategy: Is Big Blue Becoming A Solid Fit For Dividend Growth Investors?
Original article