OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Berkshire Hathaway Inc. B (BRK.B) on Monday reported fourth-quarter earnings of $19.2 billion.
On a per-share basis, the Omaha, Nebraska-based company said it had net income of $8.90. Earnings, adjusted for investment gains, were $4.73 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.19 per share.
The company posted revenue of $94.23 billion in the period.
For the year, the company reported profit of $66.97 billion, or $31.04 per share. Revenue was reported as $371.44 billion.
Berkshire Hathaway B shares have climbed slightly since the beginning of the year, while the S&P’s 500 index has stayed nearly flat. The stock has declined roughly 2% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRK.B at https://www.zacks.com/ap/BRK.B
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