Berkshire Hathaway Annual Letter Offers Good News/Bad News

Filed under: Earnings Reports, Berkshire Hathaway (BRK.A)

In its annual letter to shareholders, Berkshire Hathaway Inc. (BRK.A) reported net income of $8.1 billion and revenue of $112 billion for 2009. That's an improvement over the net income of $5.0 billion and revenue of $108 billion in 2008. However, net income in 2007 totaled $13.2 billion.

In dollar terms, the conglomerate's book value rose 19.8% last year to $21.8 billion, or $84,487 per share. That was the best gain since 2003, but trailed the S&P 500's return of 26.5% for the year.

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Berkshire Hathaway Annual Letter Offers Good News/Bad News originally appeared on BloggingStocks on Sun, 28 Feb 2010 14:10:00 EST. Please see our terms for use of feeds.

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