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Berkshire profit jumps 41% to record $6.4 billion on investments

Warren Buffetts Berkshire Hathaway Inc. said second-quarter profit rose 41% to a record on investment gains.

By Noah Buhayar | Updated on August 01, 2014
It has been a good year for Warren Buffett’s Berkshire Hathaway.
Warren Buffett’s Berkshire Hathaway Inc. said second-quarter profit rose 41 percent to a record on investment gains.

Net income climbed to $6.4 billion, or $3,889 a share, from $4.54 billion, or $2,763, a year earlier, the Omaha, Nebraska- based company said today in a statement. Operating earnings, which exclude some investment results, were $2,634 a share, beating the $2,482 estimate of three analysts surveyed by Bloomberg.

A rebounding U.S. economy has boosted the value of Berkshire’s stock portfolio and helped propel growth at the dozens of operating business that Buffett, 83, acquired during his four-decade tenure as chairman and chief executive officer. The subsidiaries include insurers, manufacturers, retailers, utilities and one of the country’s largest railroads, BNSF.

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