Icahn Enterprises L.P. (NASDAQ:IEP) is one of the Best Stocks Under $10 With Biggest Upside Potential. On May 7, Icahn Enterprises L.P. (NASDAQ:IEP) released its Q1 2025 results.
The company faced a tough first quarter and posted a net loss of $422 million, higher than the $38 million net loss it faced in the same quarter last year. Management noted that this was mainly due to the large investment losses, especially in the healthcare sector. The investment activity alone lost $394 million during the quarter.
A forklift stocking shelves with newly manufactured food packaging products.
Moreover, the Investment segment as a whole recorded a loss of $224 million, resulting in overall poor performance. Icahn Enterprises L.P. (NASDAQ:IEP)’s net asset value dropped to $3.0 billion from $3.34 billion at the end of March 31, 2025. Most of this decline came from lower values in its investment funds and its Viskase subsidiary. However, despite the challenging quarter, analysts see more than 37% upside for Icahn Enterprises L.P. (NASDAQ:IEP).
Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company with businesses in several industries. It operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharmaceuticals.
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Disclosure: None. This article is originally published at Insider Monkey.