Berkshire operating results fall even as Apple boosts profit

(Reuters) – Berkshire Hathaway Inc on Saturday posted a lower operating profit as the coronavirus pandemic was expected to weigh on some of its businesses, though gains in stocks such as Apple Inc fueled a big quarterly net profit.

Berkshire said operating profit fell 32% to $5.48 billion from $8.07 billion a year earlier.

Reporting by Jonathan Stempel in New York; editing by Jason Neely