Berkshire third-quarter profit drops on investments, operating results gain

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Berkshire third-quarter profit drops on investments, operating results gain

<p><a href="http://news.yahoo.com/berkshire-third-quarter-profit-drops-investments-operating-results-001608662--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/TRdLiucxPE6yDbz8TGKPgA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-11-07T222524Z_1006950002_LYNXMPEAA60ZS_RTROPTP_2_CBUSINESS-US-BERKSHIRE-HATHA-RESULTS.JPG" width="130" height="86" alt="Berkshire Hathaway CEO Buffett points after throwing a newspaper during a competition at a trade show, at the company's annual meeting in Omaha" align="left" title="Berkshire Hathaway CEO Buffett points after throwing a newspaper during a competition at a trade show, at the company's annual meeting in Omaha" border="0" /></a>By Luciana Lopez and Jonathan Stempel NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Friday third-quarter profit fell 9 percent as it took a large writeoff on one of its investments, but operating results easily topped forecasts on improvement in its insurance, energy and railroad operations. Net income slipped to $4.62 billion, or $2,811 per Class A share in the third quarter, from $5.05 billion, or $3,074 per Class A share, a year earlier. Operating profit, however, rose 29 percent to $4.72 billion, or $2,876 per Class A share, from $3. ...</p><br clear="all"/>

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