OMAHA, Neb. - Berkshire Hathaway's first-quarter profit jumped 51 percent as its insurance companies performed well and the value of its investments soared.
Warren Buffett's firm said Friday it earned $4.89 billion, or $2,977 per Class A share. That's up from last year's $3.25 billion net income, or $1,966 per Class A share.
The Omaha-based conglomerate says its revenue grew 15 percent to $43.87 billion from $38.15 billion last year.