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Berkshire Earnings Beat Expectations By $283 Per Share (BRKA, BRKB)

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Warren Buffett's Berkshire Hathaway just reported third quarter operating earnings per share of $2,876, crushing estimates by $283 per share. Expectations were for earnings to come in at $2,593 per share.

Net earnings per Berkshire shares totaled $2,811. 

Revenue in Berkshire's third quarter came in at $51.2 billion, up from $46.5 billion a year ago. 

Earnings for holders of Berkshire 'B' shares are equivalent 1/1,500 of the Class A amount.

On Friday, Class A shares of Berkshire Hathaway closed at $214,970, a new all-time high. 

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