Warren Buffett's conglomerate Berkshire Hathaway Inc
Buffett preannounced the figures at last Saturday's annual meeting of Berkshire, the ice-cream-to-insurance giant the world's third-richest man controls.
Berkshire reported a net profit of $1.51 billion, or $917 per Class A share, compared with a profit of $3.63 billion, or $2,272 per Class A share, a year earlier.
The conglomerate reported $41.18 billion in cash and equivalents at the end of the quarter.
(Reporting by Ben Berkowitz, editing by Bernard Orr)