Buffett's Berkshire Hathaway to release 1Q earnings Friday on eve of shareholder meeting

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OMAHA, Nebraska — Warren Buffett's Berkshire Hathaway will release its first-quarter earnings report Friday afternoon on the eve of the conglomerate's annual shareholders meeting.

More than 40,000 people are expected to attend Saturday's annual meeting to hear Buffett and his investing partner Charlie Munger answer questions.

The report will give investors a sense of how Berkshire's more than 80 subsidiaries performed in the first three months of the year. Berkshire owns BNSF railroad, several major insurance companies, utilities and numerous other firms.

Buffett urges investors to pay more attention to the company's operating earnings because the paper value of Berkshire's derivative contracts and investments can cause big swings in its bottom-line profit.

The four analysts surveyed by FactSet expect Berkshire to report operating earnings per share of $2,387.79 per Class A share.

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