Buffett’s Berkshire Swings to Rare Loss but Performs Better

Warren Buffett, CEO of Berkshire Hathaway Inc, walks through the exhibit hall at the company's annual meeting in Omaha, Nebraska on May 5, 2018. REUTERS/Rick Wilking

OMAHA, NE—Warren Buffett lost money but had a pretty good quarter.

Berkshire Hathaway Inc on Saturday reported an unusual quarterly net loss, the result of an accounting change that Buffett had warned would produce “wild” but in his view meaningless swings in results.