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 OMAHA, Neb. (AP) - Billionaire Warren Buffett's holding company reported Friday that its net income jumped 12 percent during the first quarter because of strong performances in its insurance and utility divisions.
Berkshire Hathaway Inc. said it earned $2.6 billion, or $1,682 per Class A share, during the quarter which ended March 31. That's up from $2.3 billion, or $1,501 per share, last year.
Berkshire said its companies and investments generated $32.9 billion in revenue during the quarter, up from $22.8 billion in the same period a year ago.
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