Summary by Moomoo AI
Icahn Enterprises, a diversified holding company, has reported its financial performance for the quarter ended March 31, 2024. The company's Energy segment experienced a 19% decrease in net sales, primarily due to lower refined product prices and reduced demand, resulting in a $423 million drop compared to the previous year. The Automotive segment saw a 16% decrease in net sales and other revenues from operations, largely due to the deconsolidation of Auto Plus. The Food Packaging segment's net sales decreased by 14%, attributed to lower volumes and a decrease in price and product mix. Real Estate net sales decreased by 86%, mainly due to a decline in single-family home sales. The Home Fashion segment reported a 10% decrease in net sales, while the Pharma segment...Show More