Berkshire Hathaway 3rd Quarter 2013 Earnings

Berkshire Hathaway reported their 3rd quarter earnings for 2013 on Friday afternoon. The 3rd Quarter ended on September 30.

Berkshire Hathaway does not do quarterly conference calls.

Berkshire Profit Rises 29% on Gains at Railroad, Investments (Bloomberg Businessweek)

Warren Buffett’s Berkshire Hathaway Inc. said third-quarter profit climbed 29 percent on investments and gains at non-insurance businesses including railroad Burlington Northern Santa Fe.

Net income rose to $5.05 billion, or $3,074 a share, from $3.92 billion, or $2,373, a year earlier, the Omaha, Nebraska-based company said yesterday in a statement. Operating earnings, which exclude some investment results, were $2,228 a share, missing the $2,403 average estimate of three analysts surveyed by Bloomberg.

Berkshire has benefited from an expanding U.S. economy and stands to make further gains as consumer demand picks up and the housing market recovers. The company’s subsidiaries haul freight, insure cars, generate electricity, make building supplies and sell products from running shoes to diamond rings.