Berkshire Hathaway Earnings Beat Estimates By $283 Per Share

Warren Buffett's Berkshire Hathaway just reported third quarter operating earnings per share of $2,876, crushing estimates by $283 per share. Expectations were for earnings to come in at $2,593 per share.

Net earnings per Berkshire shares totaled $2,811.

Revenue in Berkshire's third quarter came in at $51.2 billion, up from $46.5 billion a year ago.

Earnings for holders of Berkshire 'B' shares are equivalent 1/1,500 of the Class A amount.

On Friday, Class A shares of Berkshire Hathaway closed at $214,970, a new all-time high.