Icahn Enterprises posts profit in Q3; slashes distribution

Nov. 08, 2024 9:31 AM ETIcahn Enterprises L.P. (IEP) StockCVIBy: Liz Kiesche, SA News Editor
(2min)
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Icahn Enterprises (NASDAQ:IEP) stock tumbled 10% in Friday premarket trading after the company slashed its quarterly distribution in half to provide liquidity for a tender offer for CVR Energy (CVI) shares.

Meanwhile, the company posted Q3 net income, compared with

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