Icahn Enterprises Hits Rough Patch With Q3 Earnings Miss, Dividend Cut; Eyes Larger Stake In CVR Energy

By Yahoo! Finance | Nov 8, 2024 at 10:33 AM EST

In the third quarter, Icahn Enterprises (IEP) reported lower earnings and sales compared to analyst estimates. They had $2.3 billion in cash. IEP proposed a tender offer to buy CVR Energy shares, citing undervaluation. They reduced their distribution to $0.

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