Berkshire Hathaway to release its second-quarter earnings report Friday afternoon



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OMAHA, Nebraska — Warren Buffett's company plans to release its second-quarter earnings report Friday afternoon.

Berkshire Hathaway Inc.'s results are always watched closely because of Buffett's remarkable record of success during more than five decades of leading the conglomerate.

It might be difficult for Berkshire to match last year's results, which were helped by a $1.1 billion paper gain on a stock-swap deal with former Washington Post Co. owner, Graham Holdings. Berkshire traded most of its Graham stock for Miami-based telvision station WPLG, some Berkshire stock and cash.

The four analysts surveyed by FactSet expect Berkshire Hathaway to report operating earnings per Class A share of $2,997.14.

Berkshire's latest major deal that created the Kraft Heinz Food Company closed just after the second quarter ended, so it's not reflected in these results.

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