Berkshire Hathaway Reports Earnings Down 43% in Q3

Omaha, NE, November 8, 2017-Berkshire Hathaway, owner of Shaw Industries, reported Q3 2017 net earnings of $4.067 billion, compared to $7.198 billion in Q3 2016.

For the first nine months of the year, net earnings are $12.389 billion, compared to $17.788 billion in the first nine months of 2016.

“Bad weather weighed on results at Warren Buffett's Berkshire Hathaway Inc., as losses from insurance claims tied to Hurricanes Harvey, Irma and Maria and an earthquake in Mexico contributed to a 43% drop in third-quarter profit,” said Business Insider. 

Related Topics:Shaw Industries Group, Inc.