NEW YORK (TheStreet) -- Shares of Berkshire Hathaway  (BRK.B)  were decreasing in after-hours trading on Friday as the Omaha, NE-based company posted weaker-than-anticipated earnings for the 2016 third quarter following today's market close. 

Billionaire Warren Buffett's company reported operating earnings of $1.97 per Class B share, below analysts' estimates of $2.02 per share. 

Revenue of $59.07 billion beat Wall Street's projected $57.04 billion.

Additionally, Berkshire indicated that it might have kept its stake in Wells Fargo (WFC) during the quarter, according to Reuters. Berkshire is the bank's biggest shareholder.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

The team rates Berkshire Hathaway as a Buy with a ratings score of B+. B) a BUY. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, attractive valuation levels, solid stock price performance and compelling growth in net income. The team feels its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: BRK.B

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