Stock Market News
Icahn Enterprises reports loss as market volatility hurts investment returns
2023.05.10 08:36
© Reuters. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network’s Neil Cavuto show in New York February 11, 2014. REUTERS/Brendan McDermid/File Photo
(Reuters) – Carl Icahn’s investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit investment returns. Net loss attributable to Icahn Enterprises was $270 million, or 75 cents per depositary unit, for the quarter ended March 31, compared with a profit of $323 million, or $1.06 per depositary unit, a year earlier.
