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Saturday, March 1, 2014

Warren Buffett Posts Record Profit In 2013

Yahoo!Finance is reporting:
Warren Buffett's conglomerate Berkshire Hathaway posted a record profit in 2013, jumping 31 percent over the previous year, the company said in its annual report, released on Saturday.
Profit for the full year rose to $19.5 billion from $14.8 billion in 2012.
Net income rose to $4.99 billion in the fourth quarter, or $3,035 per Class A share, from $4.55 billion, or $2,757 per share, a year earlier.
Quarterly operating profit advanced to $3.78 billion, or $2,297 per share, from $2.81 billion, or $1,704 per share in the year-earlier quarter.
Analysts on average expected Berkshire to report operating earnings per share of $2,203.91, according to Thomson Reuters I/B/E/S.

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