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Response to Omaha Steve (Original post)

Sat May 4, 2013, 02:29 PM

1. This while they announced yesterday a 51% gain

Source: AP-Excite


OMAHA, Neb. (AP) - Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.

Warren Buffett's firm said Friday it earned $4.89 billion, or $2,977 per Class A share. That's up from last year's $3.25 billion net income, or $1,966 per Class A share.

The Omaha-based conglomerate said its revenue grew 15 percent to $43.87 billion over last year's $38.15 billion. The earnings report was released as thousands of Berkshire shareholders were gathering in Omaha for Saturday's annual meeting.

Berkshire officials don't generally comment on quarterly earnings reports, and no one responded to a message Friday about the first-quarter results. But Buffett will likely discuss the earnings report briefly at Saturday's annual meeting.

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