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Berkshire Profit Climbs 72% on Derivatives, Railroad

Berkshire Profit Climbs 72% on Derivatives, Railroad

Cheap Ugg Boots Sale UK Warren Buffett’s Berkshire Hathaway Inc. (BRK/A) said profit climbed 72 percent in the third quarter on better results from its derivatives book and higher earnings at railroad Burlington Northern Santa Fe.

Net income rose to $3.92 billion, or $2,373 a share, from $2.28 billion, or $1,380, a year earlier, the Omaha, Nebraska- based company said yesterday in a statement. Operating earnings, which exclude some investment results, were $2,057 a share, missing the $2,063 average estimate of three analysts surveyed by Bloomberg.

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