Berkshire Hathaway earnings miss expectations by $671 per share

Warren Buffett's Berkshire Hathaway just reported second quarter earnings that missed expectations.

The conglomerate reported operating earnings per Class A share of $2,367 per share in the second quarter, missing expectations for earnings of $3,038, according to estimates from Bloomberg.

Berkshire Hathaway Class A shares currently trade at around $215,000 per share; Class B shares trade at 1/1,500 the price, or around $143.

Revenue in the second quarter totaled $51.4 billion.

Net earnings attributable to Berkshire totaled $4.01 billion in the quarter, compared to $6.4 billion in the prior year quarter.

Since the beginning of the year, Berkshire's shareholders' equity has increased $5.9 billion.

Book value per Class A equivalent share has increased by 2.4% to $149,735, and insurance float (the net liabilities the company assumes under insurance contracts) totaled $85.1 billion at June 30.