May 15, 2022

Ashland: Fiscal Q2 Earnings Snapshot

WILMINGTON, Del. (AP) _ Ashland Inc. (ASH) on Tuesday reported fiscal second-quarter net income of $786 million.On a per-share basis, the Wilmington, Delaware-based company said it had profit of $13.69. Earnings, adjusted to account for discontinued operations, came to $1.50 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.36 per share. The chemical company posted revenue of $604 million in the period.