Berkshire Hathaway Earnings Helped by Burlington

Omaha, NE, Aug. 9, 2010--Berkshire Hathaway, parent company of Shaw Industries, reported net income of $1.96 billion for the second quarter and $5.6 billion for the first six months.

That compares to second quarter net earnings last year of $3.29 billion in the second quarter and $1.76 billion for the first six months.

The company did not, however, provide details about Shaw's financial performance.

Berkshire's non-insurance businesses, which would include Shaw, recorded $1.6 billion in operating earnings in the quarter and $2.65 billion in operating earnings for the first half of the year.

The largest contributor to its earnings performance was Burlington Northern Sante Fe, which added $885 million since it was purchased by Berkshire in February.

Related Topics:Shaw Industries Group, Inc.