Buffett's Berkshire Profit Triples on Stock Rally

Nov 6th, 2009 - Bloomberg

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Nov. 6 (Bloomberg) -- Billionaire investor Warren Buffett’sBerkshire Hathaway Inc. said third-quarter profit tripled asstock markets advanced and the cost of compensating insurancecustomers for storm damage dropped.

Net income advanced to $3.24 billion, or $2,087 a share,from $1.06 billion, or $682, in the same period a year earlier,the Omaha, Nebraska-based company said today in a regulatoryfiling. Operating earnings, which exclude some investments andderivative results, were $1,325 a share, beating the $1,267average estimate of three analysts surveyed by Bloomberg.

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