07:14 AM EST, 11/08/2024 (MT Newswires) -- Icahn Enterprises L.P ( IEP ) reported a Q3 net income Friday of $0.05 per diluted depositary unit, swinging from a loss of $0.01 a year earlier.

One analyst polled by Capital IQ expected earnings of $0.21.

Revenue for the quarter ended Sept. 30 was $2.79 billion, down from $3.01 billion a year earlier.

One analyst surveyed by Capital IQ expected $2.32 billion.

The company said it lowered its quarterly distribution to $0.50 per depositary unit from $1, payable around Dec. 26 to unitholders of record as of Nov. 18.