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Icahn Enterprises reports loss as market volatility hurts investment returns

2023-05-10 20:20
Carl Icahn's investment firm Icahn Enterprises LP on Wednesday reported a quarterly loss as volatility in markets hit
Icahn Enterprises reports loss as market volatility hurts investment returns

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.

(Reporting by Jaiveer Singh Shekhawat in Bengaluru; Editing by Anil D'Silva)