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Berkshire Hathaway's Earnings Drop

Operating earnings fall to $1.93 billion from $2.21 billion in the 2007 first quarter.
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Berkshire Hathaway

(BRK.A) - Get Berkshire Hathaway Inc. Class A Report

said its earnings fell by more than half in the first quarter of 2008, largely because of declines in the value of its derivatives positions.

The Omaha, Neb., investment vehicle, which is run by billionaire Warren Buffett, earned $940 million, or $607 per Class A share, in the quarter, down from $2.6 billion and $1,682 a share in the same period a year earlier.

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Operating earnings fell to $1.93 billion from $2.21 billion in the 2007 first quarter.

This article was written by a staff member of TheStreet.com.