Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) has had a pretty good start to the year. Net earnings per Class A share rose to $3,143 in the quarter, from $2,862 a year ago. Adjusted for one-time items, the company earned $2,583 per class A share, from $2,149 a year ago.
The conglomerate reported net earnings of $5.16 billion in the first quarter, compared with $4.70 billion a year ago.
Berkshire Hathaway - Growth drivers
Berkshire Hathaway reported that earnings from its insurance underwriting business grew 4% to $480 million during the quarter while earnings from railroad, utilities and energy jumped 24.6% to $1.466 billion.
However, net earnings at Berkshire Hathaway Energy, fell 7% in the first quarter, to $421 million. Lower revenue from...
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