Icahn Enterprises L.P (IEP) reported a Q3 net income Friday of $0.05 per diluted depositary unit, swinging from a loss of $0.01 a year earlier.
One analyst polled by Capital IQ expected earnings of $0.21.
Revenue for the quarter ended Sept. 30 was $2.79 billion, down from $3.01 billion a year earlier.
One analyst surveyed by Capital IQ expected $2.32 billion.
The company said it lowered its quarterly distribution to $0.50 per depositary unit from $1, payable around Dec. 26 to unitholders of record as of Nov. 18.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.