Icahn Enterprises stock slides 9% after company swings to first-quarter loss

Icahn Enterprises shares slide 9% after first-quarter loss

Icahn Enterprises L.P., the investing arm of billionaire activist investor Carl Icahn, said Wednesday it swung to a loss in the first quarter from a profit a year ago, sending its stock down more than 7% premarket.

The Sunny Isles Beach, Fla.-based company, which was the target of a short selling report in early May that alleged it has overstated the value of assets, posted a net loss of $270 million, or 75 cents per depositary unit, in the first quarter, after income of $323 million, or $1.06 a unit, in the year-earlier period....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kyle Cooke Says He’s ‘Proud’ of Carl Radke After ‘Summer House’ Proposal‘Summer House’ stars Carl Radke and Kyle Cooke have weathered ups and downs in their friendship, including drama surrounding Loverboy — honest quotes about their dynamic
Read more »

Carl Lentz Addresses Bombshell Documentary, Where His Marriage StandsCarl Lentz, the former pastor of Hillsong church who was fired in 2020, is addressing the docuseries that will follow his downfall and cheating scandal.
Read more »

Jenna Ortega's Comments on Re-Writing 'Wednesday' Inspired Writers' Strike SignsThe actor made headlines after saying that she would periodically start “changing lines” while working on Wednesday.
Read more »

Threat of severe weather reaches Colorado by WednesdayAfter a relatively calm start to the week for Colorado weather, severe storms will move in by Wednesday along the urban corridor and eastern plains. COwx
Read more »

Policing, race to be spotlighted in Wednesday public forum in HarrisburgHarrisburg event will feature a keynote address by Paul Butler, former federal prosecutor and author of the 2017 book 'Chokehold: Policing Black Men.' Public participation is also invited.
Read more »

D.C.-area forecast: Cloudy and much cooler with rain today, then a wonderful WednesdayWarm weekend ahead, but could be some showers to dodge.
Read more »