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Berkshire profit doubles to record on Kraft Heinz
November 7, 2015 by elegant · Leave a Comment
By Jonathan Stempel and Jennifer Ablan NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc said quarterly profit doubled to a record high, reflecting a large gain on its stake in Kraft Heinz Co , while operating profit declined on weaker results from insurance underwriting. Operating profit fell 4 percent to $4.55 billion, or $2,769 per share, from $4.72 billion, or $2,876. Analysts on average expected operating profit of $2,720.60 …
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Berkshire profit doubles to record on Kraft Heinz