Berkshire net rises, operating profit misses forecasts

May 6, 2016 8:28 PM

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Warren Buffett's Berkshire Hathaway Inc on Friday confirmed that its first-quarter profit rose 8 percent, while operating results fell short of analyst forecasts after demand fell at its BNSF railroad unit.

The conglomerate nonetheless said its book value per share, measuring assets minus liabilities and Buffett's preferred gauge of growth, rose 1.2 percent from year end.

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