Berkshire Hathaway to report third-quarter earnings Friday

Posted By: KLKN Newsroom

OMAHA, Neb. (AP)

Warren Buffett’s company plans to release what is certain to be an impressive third-quarter earnings report on Friday.

Berkshire Hathaway Inc. said earlier this year that it expected to record a $7 billion gain in the third quarter on the value of its stake in the new Kraft Heinz Food Co. That company was created earlier this year by the merger of Heinz and Kraft.

Investors will be looking to learn more about how Berkshire’s insurance units fared and how much BNSF railroad was hurt by the decline in coal demand. But the company’s results are always watched closely because of Buffett’s remarkable record over more than five decades.

The four analysts surveyed by FactSet expect Berkshire Hathaway to report operating earnings per Class A share of $2,716.26.