{"id":11688,"date":"2023-05-10T15:38:19","date_gmt":"2023-05-10T13:38:19","guid":{"rendered":"https:\/\/investmentbell.com\/?p=11688"},"modified":"2023-05-10T15:43:42","modified_gmt":"2023-05-10T13:43:42","slug":"icahn-enterprises-shares-slide-on-surprise-quarterly-loss","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/fr\/news\/market-overview-news\/icahn-enterprises-shares-slide-on-surprise-quarterly-loss\/","title":{"rendered":"Icahn Enterprises shares slide on surprise quarterly loss"},"content":{"rendered":"<p>(Reuters) -Icahn Enterprises LP on Wednesday reported a surprise quarterly loss as volatility in markets hit returns on its investments, sending the shares of the company owned by billionaire Carl Icahn down nearly 8% before the bell.<\/p>\n\n\n\n<p>The shareholder activist had recently found himself in unchartered waters when short seller Hindenburg Research launched a scathing attack, accusing his firm of overvaluing its holdings and relying on a &#8220;Ponzi-like&#8221; structure to pay dividends.<\/p>\n\n\n\n<p>&#8220;Icahn has been using money taken in from new investors to pay out dividends to old investors,&#8221; Hindenburg had alleged about the Florida-based company with investments in the energy, automotive, food packaging, real estate and other industries. &nbsp;&nbsp;&nbsp; Excluding one-time items, Icahn Enterprises reported a loss of 11 cents per share, missing analysts&#8217; average estimate of a 19 cents profit, according to Refinitiv data.<\/p>\n\n\n\n<p>Revenue for the quarter ended March 31 came in at $2.6 billion compared to $4.1 billion a year earlier.<\/p>\n<div class=\"rate-now\"><span id=\"rate-mypost11688\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost11688').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Icahn Enterprises LP on Wednesday reported a surprise quarterly loss as volatility in markets hit returns on its investments, sending the shares of the company owned by billionaire Carl Icahn down nearly 8% before the bell. The shareholder activist had recently found himself in unchartered waters when short seller Hindenburg Research launched a scathing [&hellip;]<\/p>","protected":false},"author":13,"featured_media":11689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[89],"tags":[],"class_list":{"0":"post-11688","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-overview-news"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts\/11688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/comments?post=11688"}],"version-history":[{"count":0,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/posts\/11688\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/media\/11689"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/media?parent=11688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/categories?post=11688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/fr\/wp-json\/wp\/v2\/tags?post=11688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}