Icahn Enterprises (NASDAQ:IEP) shares climbed after the company posted a quarterly revenue beat and a sharp improvement in profitability.
Investors also weighed the firm’s updated net asset value disclosure and a fresh quarterly distribution announcement.
Quarterly Metrics
The company reported fourth-quarter sales of $2.17 billion, beating the analyst consensus estimate of $2.15 billion.
Icahn Enterprises reported fourth-quarter adjusted EBITDA of $281 million, compared with adjusted EBITDA of $16 million in the year-ago period.
The firm reported fourth-quarter net income attributable to IEP of $1 million, compared with a …