Berkshire Hathaway records rising profit

Berkshire Hathaway Inc. reported a 64 percent jump in third-quarter profit Friday on strong investment gains.

Berkshire said it earned $4.55 billion, or $2,942 per share, during the quarter that ended Sept. 30. That was up from last year’s third-quarter net income of $2.77 billion, or $1,797 per share.

Officials at Berkshire, which is led by billionaire Warren Buffett, typically do not comment on quarterly earnings reports and did not return calls seeking comment Friday.