Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.

<div class="block">Berkshire Hathaway, the conglomerate run by businessman Warren Buffett, reported its operating earnings in its most recent quarter jumped more than 40% from a year ago but posted its first net quarterly loss in a year.</div>

Need2Know Headlines

Berkshire Hathaway Operating Profit Sets Record But Posts Quarterly Net Loss

Berkshire Hathaway reported its operating earnings in its most recent quarter jumped more than 40% from a year ago. That figure includes the profits from the company's various businesses including insurance, railroads and utilities. The Warren Buffett Led Company also reported it had just over 100 and $57 billion in cash at the end of September, which is a record high.