Berkshire Hathway earnings

Buffett's Annual Letter Calls Year With 45% Profit Jump Subpar

Investor Warren Buffett says last year was "subpar" for his company even after posting a 45 percent increase in profit, because the value of Berkshire Hathaway (BRK-A, BRK-B) trailed the overall market.

Berkshire Income Drops 40%

Warren Buffett's company reported a 40% drop in second-quarter profit because largely unrealized derivative losses of $1.4 billion outweighed improvements at Berkshire Hathaway Inc.'s operating companies.