Warren Buffett's Berkshire Hathaway handily beat second quarter earnings estimates, even as net income fell 9 percent to $3.11 billion.
The conglomerate recorded operating earnings of $2,252 per share, ahead of estimates from a Bloomberg survey of $1,776.
Derivatives weighed on the company's results, with Berkshire recording a loss of $693 million on movements in contracts tied to equity indices.
Revenues advanced less than one percent during the second quarter, to $38.5 billion.
Shares are up nearly two percent in after-hours trade.
More From Business Insider