{"id":48806,"date":"2013-11-02T10:26:56","date_gmt":"2013-11-02T08:26:56","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=48806"},"modified":"2013-11-02T10:28:36","modified_gmt":"2013-11-02T08:28:36","slug":"berkshire-hathaway-sees-profits-soar","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/48806\/berkshire-hathaway-sees-profits-soar\/","title":{"rendered":"Berkshire Hathaway sees profits soar"},"content":{"rendered":"<p>Warren Buffett&#8217;s company reported a 29 percent jump in third-quarter profit as it collected some of the proceeds from deals made during the financial crisis.<\/p>\n<p>Berkshire Hathaway earned $5.05 billion, or $3,074 per Class A share, during the quarter. That&#8217;s up from $3.92 billion, or $2,373 per Class A share, in the same period last year.<\/p>\n<p>The biggest factor in the results was a $1.2 billion investment gain Berkshire recorded as it prepared to redeem warrants in General Electric and Goldman Sachs. Mars and Wrigley also repaid Berkshire for a crisis-era investment.<\/p>\n<p>Berkshire&#8217;s revenue grew 13 percent to $46.5 billion.<\/p>\n<p>The three analysts surveyed by FactSet expected Berkshire to report operating earnings per Class A share of $2,424.26. Berkshire reported $2,228 operating earnings per A share, which excludes investment gains.<\/p>\n<h3 class=\"my-4\">More on Warren Buffett<\/h3>\n<p><strong><a title=\"Permalink to Buffett talks social media and Bitcoin\" href=\"http:\/\/businesstech.co.za\/news\/general\/37226\/buffett-talks-social-media-and-bitcoin\/\" rel=\"bookmark\">Buffett talks social media and Bitcoin<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to The richest Americans in tech\" href=\"http:\/\/businesstech.co.za\/news\/general\/46068\/the-richest-americans-in-tech\/\" rel=\"bookmark\">The richest Americans in tech<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to The world\u2019s richest people\" href=\"http:\/\/businesstech.co.za\/news\/general\/32799\/the-worlds-richest-people\/\" rel=\"bookmark\">The world\u2019s richest people<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett&#8217;s company reported a 29 percent jump in third-quarter profit as it collected some of the proceeds from deals made during the financial crisis.<\/p>\n","protected":false},"author":5,"featured_media":37221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25,5767,6955],"class_list":["post-48806","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-active","tag-berkshire-hathaway","tag-warren-buffet"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48806","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=48806"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48806\/revisions"}],"predecessor-version":[{"id":48807,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/48806\/revisions\/48807"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/37221"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=48806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=48806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=48806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}