Icahn Enterprises falls after wider Q2 loss, drop in net asset value

"Our results this quarter were impacted by exceptional geopolitical events that disproportionately affected our long refining exposure versus crack spreads and other short refinery positions," IEP Chairman Carl Icahn said.

Shares of investment company Icahn Enterprises (IEP.O) fell 4% to $7.43 after the company reported a wider second-quarter loss and a drop in indicative net asset value.

• The company reported a Q2 loss attributable to IEP of $355 million for the three months ended June 30, compared with a loss of $165 million in the year-ago period.
• Indicative net asset value was about $2.6 billion as of June 30, a decrease of $765 million compared with March 31.
• Including the session's move, the stock was down 1.9% year to date.