Warren Buffett's company to report 3Q earnings Friday - KWWL - Eastern Iowa Breaking News, Weather, Closings

Warren Buffett's company to report 3Q earnings Friday

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(AP) -

Warren Buffett's company is planning to release its third-quarter earnings report on Friday afternoon.

Berkshire Hathaway Inc. has been building up a mountain of cash since acquiring Precision Castparts early this year.

So investors will be looking at how much that's grown since June when it was nearly $73 billion.

Investors will also be looking at how Berkshire's insurance units and BNSF railroad performed.

Berkshire may face a tough comparison with last year because the company recorded a $7 billion paper gain on the value of its Kraft Heinz Food stock.

The four analysts surveyed by FactSet expect Berkshire to report operating earnings per Class A share of $3,021.83.

Buffett says operating earnings are a better measure of quarterly performance because they exclude investments and derivatives, which can vary widely.

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