Icahn Enterprises LP’s stock IEP rose 4% premarket Friday, after the company posted a third-quarter loss but revenue that was ahead of expectations and said it’s sticking with its quarterly dividend. Carl Icahn’s investing arm posted a net loss of $6 million, or 1 cent a share, for the quarter, narrower than the loss of $123 million, or 37 cents a share, posted in the year-earlier period. Revenue fell to $2.991 billion from $3.334 billion a year ago. The FactSet consensus was for EPS of 34 cents and revenue of $2.712 billion. The company said it’s sticking with its quarterly distribution, or dividend, of $1 a share, which it halved last quarter. Indicative net asset value increased in the quarter to $5.2 billion, up $147 million from a year ago but down $474 million from December 31, 2022. The stock remains down 67% in the year to date, after languishing ever since a short seller report in May questioned the company’s financials and led to a steep selloff. The stock hit a 19-year low this week. The S&P 500 SPX has gained 12% in the year to date.
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