Published on 26 Jul 2023 on Zacks via Yahoo Finance
Ashland's (ASH) Earnings and Sales Miss Estimates in Q3
Ashland Global Holdings Inc. ASH recorded third-quarter fiscal 2023 (ending Jun 30, 2023) adjusted earnings of $1.23 per share, down from $1.89 in the prior-year quarter. The bottom line missed the Zacks Consensus Estimate of $1.40Sales were down 15% year over year to $546 million. The top line missed the Zacks Consensus Estimate of $547.2 million. The sales were adversely impacted by lower volumes from customer inventory destocking, partly offset by favorable pricing.
Ashland Inc. Price, Consensus and EPS Surprise
Ashland Inc. price-consensus-eps-surprise-chart | Ashland Inc. Quote