Berkshire Hathaway (BRK.B) reported quarterly earnings results on Friday, Aug-5-2016. The company reported $2803 earnings per share for the quarter, missing the analyst consensus estimate by $-107.79. Analysts had a consensus of $2910.79. Analysts expectations of $56469.41 million. During the same quarter in the previous year, the company posted $2442 EPS.
Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in various business activities. The Company conducts insurance businesses on both a primary basis and a reinsurance basis a freight rail transportation business and a group of utility and energy generation and distribution businesses. Its insurance and reinsurance business activities are conducted through various domestic and foreign-based insurance entities. Its insurance businesses provide insurance and reinsurance of property and casualty risks and also reinsure life accident and health risks across the world. Its segments include GEICO General Re Berkshire Hathaway Reinsurance Group Berkshire Hathaway Primary Group BNSF Berkshire Hathaway Energy McLane Company Manufacturing Service and retailing and Finance and financial products. The Companys subsidiary Precision Castparts Corp (PCC) is engaged in manufacturing of complex metal components and products.