9 stories mentioning IEPUpdated 3d ago
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Icahn Enterprises (IEP) reported a Q2 loss Wednesday of $0.52 per depositary unit, widening from a loss of $0.30 a year earlier.Net sales for the quarter ended June 30 were $3.08 billion, up from $2.14 billion a year earlier.
Energy stocks were edging higher premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 0.1%.The United States Oil Fund (USO) was up 2.3% and the United States Natural Gas Fund (UNG) was 0.8% higher.Front-month US West Texas Intermediate crude oil was 2.2% higher at $85.05 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 1.9% to $90.92 per barrel, and natural gas futures were up 0.2% at $2.87 per 1 million British Thermal Units.Halliburton (HAL) reported flat Q2 adjusted earnings year on year, while revenue increased. Shares of Halliburton were down more than 3% pre-bell.Icahn Enterprises (IEP) has struck a deal to sell auto-service chain Pep Boys to private-equity-owned Mavis Tire Express Services for about $700 million in cash, The Wall Street Journal reported, citing unnamed people familiar with the matter. Icahn Enterprises shares were up 0.1% premarket.Chevron (CVX) halted output at its Petronius site and evacuated all workers to land ahead of Tropical Storm Bertha, the company said. Chevron stock was marginally higher premarket.
Icahn Enterprises' (IEP) Icahn Automotive Group unit has agreed to sell Pep Boys-Manny, Moe & Jack to a subsidiary of Mavis Tire Express Services for approximately $700 million in cash, the companies said Tuesday.Icahn Enterprises will retain the owned real estate previously transferred from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses, according to a statement.The deal is expected to close "in the coming months," the companies said.Pep Boys provides automotive services, tires, repairs, oil changes, and maintenance services at nearly 800 locations, the companies said.Shares of Icahn Enterprises were up more than 2% in premarket activity Tuesday.
Icahn Enterprises (IEP) has struck a deal to sell auto-service chain Pep Boys to private-equity-owned Mavis Tire Express Services for about $700 million in cash, The Wall Street Journal reported Monday, citing unnamed people familiar with the matter.The deal is expected to be unveiled Tuesday, the people told the WSJ.Icahn Enterprises did not immediately respond to an out-of-office-hours request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Icahn Enterprises (IEP) reported a Q1 net loss Wednesday of $0.71 per depository unit, narrowing from a loss of $0.79 a year earlier.One analysts surveyed by FactSet expected earnings of $0.10.Revenue for the quarter ended March 31 was $2.31 billion, compared with $2 billion a year earlier.One analyst surveyed by FactSet expected $2.33 billion.The company also promoted Chief Financial Officer Ted Papapostolou, to president and chief executive, starting Wednesday. It said former President and Chief Executive Andrew Teno has resigned and is departing the company to relocate with his family to another state, and will pursue another opportunity closer to his new home.Shares of Icahn Enterprises were down nearly 5% pre-bell.
