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Profit drops at Warren Buffett's firm but thousands still want to hear from the investing guru

OMAHA, Neb. (AP) — Warren Buffett's company reported a steep drop in earnings Saturday because the paper value of its investments fell, but the tens of thousands of shareholders filling an Omaha arena to hear Buffett answer questions at the annual meeting later can take heart that Berkshire's Hathaway's many businesses performed well. Berkshire reported a $12. 7 billion profit, or $8. 825 per Class A share, in the quarter. That's roughly one-third of the $35. 5 billion, or $24,377 per A that...

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