Berkshire Hathaway’s earnings fall 66%

Unrealized investment gains at Warren Buffett’s conglomerate declined in the third quarter

Warren Buffett (L), CEO of Berkshire Hathaway, and vice chairman Charlie Munger Johannes Eisele/AFP/Getty Images

Warren Buffett’s Berkshire Hathaway Inc. reported lower third-quarter profits after unrealized investment gains declined. Berkshire $BRK.A $BRK.B said Saturday that its third-quarter net earnings fell to $10.34 billion, or $6,882 per Class A share equivalent, from $30.14 billion, or $18,994 a share, in the same period a year earlier.