Icahn Enterprises Q1 Sales $2.50 Miss $2.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
Icahn Enterprises reported Q1 sales of $2.50, significantly missing the analyst consensus estimate of $2.79 billion, marking a 100% decrease from $2.76 billion in sales from the same period last year.
May 08, 2024 | 12:02 pm
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NEGATIVE IMPACT
Icahn Enterprises missed Q1 sales estimates by a significant margin, reporting only $2.50 against an expected $2.79 billion, a 100% decrease from the previous year.
Missing the sales estimate by such a large margin indicates significant underperformance by Icahn Enterprises, likely leading to negative investor sentiment and a potential decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100