Berkshire Hathaway Inc. said Friday its operating earnings reached $3.7 billion in the first quarter, down from $4.2 billion in the year-ago period. The conglomerate led by legendary investor Warren Buffett reported net earnings of $5.6 billion, from $5.2 billion a year ago. Operating earnings per Class A share reached $2,275 in the quarter, down from $2,583 a year ago. Analysts polled by FactSet had expected operating earnings per Class A share of $2,609. The Class A shares were flat late Friday after ending the regular trading session down 0.5%.
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