Icahn Enterprises (IEP) Posts Q4 Loss of $3.84/Unit
Icahn Enterprises (NASDAQ: IEP) reported Q4 EPS of ($3.84), $5.60 worse than the analyst estimate of $1.76. Revenue for the quarter came in at $3.4 billion versus the consensus estimate of $1.79 billion.
Mr. Icahn stated: "This year's results were obviously disappointing, with the precipitous decline in oil prices impacting the profitability of many of our segments. I believe a great amount of profit in the next few years will be made by those who hold positions in energy companies. However, I also believe that oil prices will continue to decline in the near term. The performance of our investment in Apple, the largest position in our Investment segment, softened the impact of the decline in oil prices and hopefully will continue to do so (I look forward to wearing the watch in the very near future and possibly driving the car in the more distant future).
"I hope and believe that Icahn Enterprises will be strongly profitable in 2015 and beyond, continuing our excellent long term track record of profitability."
For earnings history and earnings-related data on Icahn Enterprises (IEP) click here.
