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 OMAHA, Neb. (AP) - Paper gains on derivative contracts helped Berkshire Hathaway Inc. triple its third-quarter profit as its insurance businesses did well, but Warren Buffett's company said Friday that many of its other operating businesses struggled.
The Omaha-based company delivered relatively flat results made to appear spectacular by the unrealized investment gains. The strength of its insurance businesses like Geico offset weakness in those more tied to the economy, like NetJets and Berkshire's manufacturing businesses.
"I thought it was pretty much as predicted, but still in good, solid shape," said Andy Kilpatrick, the stockbroker-author of "Of Permanent Value, the Story of Warren Buffett."
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