Berkshire reports quarterly net loss of $1.53 billion

by Alistair Barr, MarketWatch

SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway reported a quarterly net loss late Friday as the insurance-focused conglomerate run by Warren Buffett recorded losses on some of its investments and derivatives positions.
The company reported a first-quarter net loss of $1.534 billion, or $990 per class A equivalent share. That compares to net income of $940 million, or $607 per class A equivalent share, in the same period a year earlier. The net results are attributable to Berkshire shareholders.
The latest result includes investment and derivatives losses of $2,090 per class A equivalent share.

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