Icahn Enterprises L.P. (NASDAQ:IEP) on Monday reported a second-quarter net loss of $165 million, or 30 cents per depositary unit.
It missed analyst expectations of a 14-cent profit and narrowed from a loss of $331 million, or 72 cents per unit, in the year-ago quarter.
Net sales for the quarter totaled $2.143 billion, beating the consensus estimate of $2.030 billion but down from $2.371 billion in the year-ago quarter.
Adjusted EBITDA loss attributable to IEP narrowed to $43 million from $155 million in the prior-year quarter. The indicative net asset value as of June 30, stood at approximately $3.3 billion, an increase of $252 million compared to March 31.
By segment, the Investment segment posted a net loss of $16 …