Berkshire Hathaway Q4 Profit Rises

(RTTNews) - Billionaire Warren Buffett's Berkshire Hathaway Inc. (BRK.A, BRK.B) reported that its fourth quarter net earnings attributable to shareholders rose to $37.57 billion or $26,043 per Class A share from $18.08 billion or $12,355 per Class A share in the same quarter last year.

Investment and derivative gains was $29.093 billion compared to $11.455 billion a year ago.

Operating earnings grew to $8.481 billion from $6.625 billion in the previous year.

Meanwhile, Berkshire said it used about $2.2 billion to repurchase its shares in the fourth quarter bringing the total for the year to about $9.2 billion.

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