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Berkshire slides to second-quarter loss

(RTTNews) – Billionaire Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) reported its second-quarter net loss attributable to shareholders was $43.76 billion or $29,754 per Class A share , compared to net income of $28.09 billion or $18,488 per Class A share in the same quarter last year.

The investment and derivatives loss for the last quarter was $53.04 billion. The prior year result included a gain of $21.0 billion due to changes in unrealized gains that existed in equity investments.

Operating profit for the quarter reached $9.28 billion, compared to $6.69 billion a year earlier.

Total revenue for the quarter was $76.18 billion, compared to $69.11 billion a year earlier.

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