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Berkshire Hathaway beats earnings forecasts

Akin OyedeleNov 7, 2015, 02:55 IST

Berkshire Hathaway reported third-quarter earnings above analysts' estimates on Friday afternoon.

The conglomerate headed by Warren Buffett said its earnings per share came in at $2,769 against expectations for $2,721.

The company said it doubled its net income to a record $9.43 billion, on its Heinz holding. Berkshire Hathaway, along with investment firm 3G, bought the ketchup maker for $28 billion in 2013.

More to come ...

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