India, Aug. 5 -- Icahn Enterprises L.P. (IEP) reported a wider second-quarter loss on Wednesday, driven by investment losses despite year-over-year sales growth.
The quarterly loss attributable to Icahn was $355 million, compared to $165 million last year. On a per share, loss was $0.52, wider than $0.30 a year ago.
Revenue for the quarter increased to $3.081 billion, from $2.143 billion last year. Net sales climbed to $3.081 billion from $2.143 billion in the previous year. Loss from investment activities was $334 million, compared to $74 million in the prior year.
IEP Chairman Carl C. Icahn said, "...the strong rebound in our refining investment during July underscores the temporary nature of these dislocations and highlights the timin...