Warren Buffett's Berkshire Hathaway tells us the holding company's second quarter earnings report will be released after the closing bell a week from tomorrow, on Friday, August 8.
If the small number of analysts who follow the company are right, operating profits will be up on a sequential basis for the first time since last summer, but they'll still be well below last year's second quarter.
In the first quarter of the year, which ended on March 31, Berkshire reported a 64 percent decline in net income. That was mostly due to the decline in the current value of some long-term derivatives that Buffett expects will turn out to be highly profitable far into the future.
There was, however, also a 13 percent decrease in operating earnings as Berkshire's insurance operations suffered. That's one of the factors cited for the stock's downturn in recent months. (See Berkshire's 25% Plunge Has Buffett Bulls Screaming 'Buy'.)