Warren Buffett’s Berkshire Hathaway fourth-quarter profit rises 32 percent

Buffett, chairman and CEO of Berkshire Hathaway, speaks at the Fortune's Most Powerful Women's Summit in Washington(Reuters) – Warren Buffett's Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives. Net income rose to $ 5.48 billion, or $ 3,333 per Class A share, from $ 4.16 billion, or $ 2,529 per share, a year earlier. Quarterly operating profit rose 18 percent to $ 4.67 billion, or $ 2,843 per share, from $ 3.96 billion, or $ 2,412 per share. Analysts on average had forecast operating profit of $ 2,814 per share, according to Thomson Reuters I/B/E/S. Revenue rose 7 percent to $ 51. …

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