Berkshire Hathaway earnings fall, hurt by market volatility

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Berkshire Hathaway earnings fell in the second quarter as market turmoil weighed on the company’s huge equity portfolio.

It in Omaha, Neb. The established firm, which owns companies ranging from insurer Geico and railroad BNSF Railway to sportswear maker Brooks Running, posted losses of $43.8 billion, or $29,754 per Class A share equivalent. That compares to earnings of $28.1 billion, or $18,488 per share, a year earlier.

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