Berkshire Starts Out 2014 on a Weaker Note
Just about every segment at Berkshire was dealing with elevated costs during the first quarter.
Ahead of its annual meeting this weekend, wide-moat-rated Berkshire Hathaway (BRK.A) (BRK.B) released results for the first quarter of 2014 that were slightly disappointing when compared with the prior-year period, but basically in line with our own projections.
First-quarter revenue increased 4% year over year to $45.5 billion, with the biggest contribution coming from Berkshire's railroad, utilities, and energy segment. Stripping out the impact of investments and derivatives, first-quarter revenue actually rose closer to 5% year over year.
Greggory Warren does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.