BNSF Earnings Report BNSF beats Street; '09 capital program announced BNSF Wednesday reported improved earnings and revenue for both its fourth quarter and full-year 2008. Quarterly revenue rose 3% to $4.25 billion compared to the comparable 2007 quarter, while earnings of $1.79 per diluted share were 23% higher for the quarter than in 2007, and beat consensus estimates by 4 cents. BNSF's full-year earnings per diluted share were $6.08, up 19% from the full-year 2007 earnings. Operating revenue for 2008 was $18.0 billion, up 14% from 2007. The company on Wednesday also announced a planned 2009 capital commitment program of $2.7 billion, about $150 million less than its 2008 commitment.
Wall Street News Berkshire Hathaway buys more BNSF stock Continuing to flash a contrarian streak, Berkshire Hathaway, Inc. has filed a notice with the Securities and Exchange Commission that it has acquired another 4.4 million shares of BNSF. The company piad an estimated $272.2 million for the shares, at an average price of $62.15 each. With the latest purchase, Berkshire Hathaway now holds 21.8% of BNSF common shares.
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