Buffett's Berkshire to Report Earnings After the Close

Warren Buffett's company is expected to release its first-quarter earnings report Friday afternoon as shareholders gather for this weekend's Berkshire Hathaway'smeeting.

Tomohiro Ohsumi | Bloomberg | Getty Images

Warren Buffett

This year's first quarter profit is likely to improve because major disaster losses of $1.7 billion in Berkshire's insurance units weighed down last year's profits.

The results will also be helped by last year's addition of special chemical maker Lubrizol.

And the Burlington Northern Santa Fe railroad will likely have a good quarter because several of its major competitors reported strong results in the first quarter.

Wall Street analysts surveyed by FactSet expect Berkshire to report net income of $2,297.50 per Class A share or $1.53 per Class B share.