Berkshire Hathaway made $1.3 billion on financial weapons of mass destruction; earnings beat

Berkshire Hathaway, the conglomerate run by billionaire Warren Buffett, had a pretty good first quarter. Operating earnings jumped 20{07c0bb02cae1f0b356e550d14375ff5283a467e66c49238eeeae84ea79201741} year-over year to $2,583 per share. Analysts were looking for $2,373 per share. To be clear, that’s for each A-share of Berkshire Hathaway, which closed at $215,800 on Friday. Total operating earnings jumped to $4.24 billion during the quarter, up from $3.53 billion a year ago. Operating earnings from Berkshire’s insurance underwriting business grew 4{07c0bb02cae1f0b356e550d14375ff5283a467e66c49238eeeae84ea79201741} to $480 million. Railroad, utilities and energy business …
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