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Berkshire posts 1Q profit

OMAHA, Neb. (AP) _ Berkshire Hathaway Inc. (BRK.A) on Friday reported first-quarter earnings of $5.59 billion.

On a per-share basis, the Omaha, Nebraska-based company said it had profit of $3,401. Earnings, adjusted for investment gains, were $2,274 per share.

The conglomerate headed by investor Warren Buffett posted revenue of $52.4 billion in the period.

Berkshire shares have risen almost 10 per cent since the beginning of the year. In the final minutes of trading on Friday, shares hit $216,999.99, increasing slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BRK.A at http://www.zacks.com/ap/BRK.A

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Keywords: Berkshire Hathaway, Earnings Report, Priority Earnings