Icahn Enterprises (IEP) Tops Q2 EPS by $1.62

Icahn Enterprises (NASDAQ: IEP) reported Q2 EPS of $4.32, $1.62 better than the analyst estimate of $2.70. Revenue for the quarter came in at $5.3 billion versus the consensus estimate of $6.4 billion.

Carl Icahn, the Chairman of the Board of Icahn Enterprises stated:

"I am very pleased with IEP's performance for Q2. The Investment segment earned a return of 10.7 % for the quarter. It should be noted that our performance in our investment segment would be even greater if it were not impacted by our hedging activities, which we use to mitigate down-side risk. Without giving effect to our hedges our long-only positions were up 16.8% in the quarter (1).

For earnings history and earnings-related data on Icahn Enterprises (IEP) click here.

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