Berkshire Hathaway Fourth Quarter Profit
Warren Buffett's Berkshire Hathaway, earnings fell in the forth quarter of 2007 as compared to last year of the same period. In the forth quarter the company's earnings were $2.95 billion as compared to $3.58 billion in 2006. Buffett stated that "Overall, our 76 operating businesses did well last year," and for the year-end, the company earned $13.21 billion as compared to $11.02 billion in 2007. Buffett added that he's optimistic about the individual businesses in 2008 stating, "we have first-class CEOs who run them right, in good times or bad."
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