Berkshire Hathaway Turns To Profit In Q3

(RTTNews) - Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its third quarter net earnings attributable to its shareholders was $26.25 billion or $18,272 per Class A share compared to a loss of $12.77 billion or $8,824 per Class A share in the same quarter last year.

Investment gains for the latest-quarter were $20.51 billion compared to Investment losses of $29.78 billion in the prior year.

Operating earnings for the quarter declined to $10.09 billion from $10.76 billion in the prior year.

Total revenues for the third quarter were $92.995 billion down from $93.210 billion in the previous year.

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