Berkshire Hathaway Inc.
) reported third quarter 2013 operating earnings of $1.49 per
share, missing the Zacks Consensus estimate of $1.60 per
Earnings, however, compared favorably with $1.37 per share
reported in the year-ago quarter. The year-over-year earnings
growth came from solid performance from Berkshire's insurance,
energy as well as manufacturing, retail and service
Net income (a GAAP measure), which includes investment and
derivative gains came in at $2.05 per share, up from $1.58 per
share earned in the year-ago quarter.
Total revenue surged 13% year over year to $46.5 billion led
by higher revenues across all business segments - Insurance,
railroad, Utilities and energy as well as Financial and Financial
Group segment revenue grew up 6.1% year over year to $10.4
billion, led by strong performance from Geico.
Railroad, Utilities and Energy
segment's operating revenue increased 7.1% year over year to $9.0
billion. Of the total segment revenue, approximately 64% came
from Burlington Northern Santa Fe, the railroad company, which
was acquired in February 2010. An increase in industrial and
agricultural activity has automatically revived the demand for
rail services and this translates into greater consumer demand
for the segment. The trend is likely to continue in the coming
years as well.
Total revenue of the
Manufacturing, Service and Retailing
segment climbed 14.5% year over year to $24.0 billion.
Finance & Financial
Products segment contributed $160 million in operating earnings
up 48% year over year. Revenues increased 7.2% year over
year to $1.1 billion.
Consolidated shareholders' equity at Sep 30, 2013 was $208.4
billion, an increase of $207 billion since Dec 31, 2012.
Berkshire Hathaway retains a Zacks Rank #4 (Sell).
Cincinnati Financial Corp.
CNA Financial Corp.
both with Zack Rank #1 (Strong Buy) and
) Zack Rank #2 (Buy), all reported third quarter earnings ahead
of the Zacks Consensus Estimate.
BERKSHIRE HTH-A (BRK.A): Free Stock Analysis
BERKSHIRE HTH-B (BRK.B): Free Stock Analysis
CHUBB CORP (CB): Free Stock Analysis Report
CINCINNATI FINL (CINF): Free Stock Analysis
CNA FINL CORP (CNA): Free Stock Analysis
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