After the closing bell on Friday, Warren Buffett's Berkshire Hathaway Inc. (BRK.A) (BRK.
reported strong performance in its quarterly financial results, boosted by the company's railroad and insurance businesses and gains from derivatives.
For the first quarter 2015, Berkshire Hathaway posted revenue of $48.64 billion, a 7% increase year over year, and net income of $5.16 billion, or $3,143 per BRK.A share, compared to net income of $4.7 billion, or $2,862 per BRK.A share in the same quarter the prior year.
Berkshire Hathaway's operating profit increased 20% to $4.24 billion, or $2,583 per BRK.A share, from $3.53 billion, or $2,149 per BRK.A share in the first quarter 2014, and topped the analysts' average estimate of $2,330 per BRK.A share in operating profit for the period.
Note: Per share amounts for BRK.B shares are 1/1,500th of those shown for BRK.A shares.
Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.
More about Berkshire Hathaway Inc. (BRK.A) (BRK.
Shares of The New York Times Company (NYT) surged more than 10% during extended-hours trading Friday following a media report indicating that billionaire Mike Bloomberg is showing interest in purchasing the company. Bloomberg LP dismissed the report as untrue.
NYT posted revenues of $384.2 million for the first quarter 2015 and registered a 20% increase in the number of its digital subscribers during the period.
NYT is a global media organization dedicated to enhancing society by creating, collecting and distributing high-quality news and information.
More about The New York Times Company (NYT) at www.nytco.com
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Norco, CA ( www.norco.crwe-pr.com ) into the CRWE Network.
Norco is located in Riverside County, California. It is best known as an animal-keeping, equestrian-oriented community.
The City of Norco had an estimated population in 2013 (U.S. Census Bureau) of 26,966, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The CRWE-PR Business Directory portal ( www.BusinessDirectory.crwe-pr.com ) is the company’s business directory service that is available to all United States and Canada business in the public and private sector. It allows business owners and executives the ability to claim their business listings and provide more detailed information for their potential customers who visit the CRWE Network everyday.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer