Berkshire Hathaway Inc. (BRK.B) - Get Report is expected to report adjusted net income of $4.6 billion, or $2.12 a class B share Saturday on sales of $61.1 billion, based on a FactSet survey of 4 analysts.
In the same period a year ago, the company posted earnings of $2.50 a share on sales of $63.6 billion. It reported net income of $21.7 billion.
The stock has risen 12.2% since the company last reported earnings on May. 2.
In the upcoming quarter, analysts are forecasting adjusted net income of $5.2 billion, or $2.43 a share, on sales of $63.2 billion.
For the year, analysts project revenue of $219.6 billion.
Berkshire Hathaway B shares rose $4.46, or 2.18%, to $209.48 on Friday.
Among Buffett's holdings identified in Berkshire Hathaway SEC filings, 28 rose while 16 fell.
Biogen (BGEN) shares rose $28.05, or 10.1%, to $305.71.
So far this month, 36 of Buffett's stocks have gone up, while nine have lost ground.
Berkshire Hathaway continues to sit on a mountain of cash. It reported about $138 billion in cash and liquid holdings as of the end of March.