Berkshire Profit Falls 17% to $4.16 Billion on Investments
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Berkshire Hathaway Inc. said fourth-quarter profit slipped 17 percent as investment gains narrowed and underwriting results deteriorated at insurance units.
Net income fell to $4.16 billion, or $2,529 per share, from $4.99 billion, or $3,035, a year earlier, Omaha, Nebraska-based Berkshire said Saturday in a statement on its website. Operating earnings of $2,412 per share missed the $2,702 estimate of three analysts surveyed by Bloomberg.