Berkshire Hathaway posts huge quarterly loss; operating results improve

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Reuters

(Reuters) -The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter as the company run by billionaire Warren Buffett posted a $43.8 billion loss, though operating results improved with better results from insurance and the BNSF railroad. Berkshire said on Saturday that its net loss was equivalent to $29,754 per Class A share. It posted a net profit of $28.1 billion, or $18,488 per Class A share, a year earlier. Quarterly operating profit rose 39% to $9.28 billion, or about $6,326 per Class A share, from $6.69 billion, or $4,424 per Class A share, a yea…

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