Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Berkshire Hathaway earnings miss expectations by $671 per share

Myles UdlandAug 8, 2015, 02:42 IST

File photo of Berkshire Hathaway Chairman Warren Buffett talking in front of a mock BNSF railroad engine at the Berkshire Hathaway annual meetingThomson Reuters

Warren Buffett's Berkshire Hathaway just reported second quarter earnings that missed expectations.

The conglomerate reported operating earnings per Class A share of $2,367 per share in the second quarter, missing expectations for earnings of $3,038, according to estimates from Bloomberg.

Berkshire Hathaway Class A shares currently trade at around $215,000 per share; Class B shares trade at 1/1,500 the price, or around $143.

Revenue in the second quarter totaled $51.4 billion.

Net earnings attributable to Berkshire totaled $4.01 billion in the quarter, compared to $6.4 billion in the prior year quarter.

Since the beginning of the year, Berkshire's shareholders' equity has increased $5.9 billion.

Book value per Class A equivalent share has increased by 2.4% to $149,735, and insurance float (the net liabilities the company assumes under insurance contracts) totaled $85.1 billion at June 30.