Warren Buffett's Berkshire Hathaway on Saturday posted net earnings of $21.70 billion, or $13209 per A share and $8.81 per B share, for the quarter ended March 2018. These gains and losses have caused and will continue to cause significant volatility in our periodic earnings,” Berkshire Hathaway said in a statement.The result excluded the earnings of Kraft Heinz. Berkshire currently owns 325,442,152 shares of Kraft Heinz common stock, representing 26.7 per cent of outstanding shares.In a statement, Berkshire Hathaway said, “As of May 3, 2019, Kraft Heinz has not filed its 2018 Form 10-K with the Securities and Exchange Commission. In addition, Kraft Heinz has not made its financial statements for the first quarter of 2019 available to Berkshire. Operating profit was $5.29 billion, or $3,215 per share, in the same period last year.Share of Berkshire Hathaway Inc Class A closed at $3,27,765 on Friday, while Class B shares traded at $218.60.

Source: Economic Times May 04, 2019 13:17 UTC