Share price in Icahn Enterprises rose today despite the company revealing that its revenues had fallen and its losses widen.
The conglomerate company announced net losses attributable of $1.2bn (£860m) for the year ended December 2015, down from a loss of $373m the year before.
Meanwhile, the company, which has investments across numerous sectors such as rail, mining and real estate, also reported a fall in revenue to $15.3bn, down from $19.2bn in 2014.
The company also saw revenues and losses tumble throughout its fourth quarter of 2015, with net losses of $1.1bn and revenues of $2.6bn. By comparison, in 2014, the company had net losses of $478m and revenues of $3.4bn.
However, share price in the company rose after the announcement, trading up 3.8 per cent at $59.58 just after 3pm London time.
The company has seen its share price drop sharply over the last 12 months, and it is now trading roughly a third lower than it was at the same point last year.