AgFeed Earnings Soar, Berkshire Earnings Fall

11:30AM New York – Berkshire Hathaway reported its quarterly profit decline in a row. AgFeed quarterly earnings surged.

AgFeed Industries, Inc, a Chinese animal feed maker and pork producer reported second quarter revenues increased 417% to $35.64 million from $6.09 million a year ago. Net income in the quarter rose 62% to $3.9 million or 12 cents per diluted share compared to net income of $1.5 million or 6 cents per share, a year ago.

AgFeed Industries, Inc (FEED: chart) in the last one year traded as high as $21.31 in May 2008 and as low as $6.40 in September 2007. Based on the Friday’s trading closing price the company has a market cap of $454.40 million.

Berkshire Hathaway Inc, a holding company reported second quarter net income in the quarter dropped 7.6% to $2.88 billion compared to net income of $3.12 billion, a year ago.

Berkshire Hathaway Inc ((BRK.A)) in the last one year traded as high as $151,650 in December 2007 and as low as $109,800 in August 2007. Based on the Friday’s trading closing price the company has a market cap of $181.21 billion.

Calpine Corporation, power producer reported second quarter revenues jumped 37% to $2.83 billion from $2.06 billion a year ago. Net income in the quarter was $197 million or 41 cents per diluted share compared to net loss of $500 million or $1.04 per share, a year ago.

Calpine Corporation (CPN: chart) in the last one year traded as high as $23.36 in June 2008 and as low as $15.38 in August 2008. Based on the Friday’s trading closing price the company has a market cap of $6.92 billion.

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Symbol Last Tick Chg % Chg Open High Low Volume
FEED 13.78 1.22 9.71% 14.99 15.00 13.56 1.4 m
BRK.A 117950.01 2200.01 1.90% 115400.00 118350.00 115110.00 949
CPN 16.5101 0.5201 3.25% 17.05 17.25 16.40 4.08 m