Ashland shares are trading lower after the company issued Q3 sales guidance below estimates and cut FY23 sales guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Ashland has issued Q3 sales guidance below estimates and cut FY23 sales guidance below estimates, leading to a decrease in its share price.
June 29, 2023 | 12:21 pm
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Ashland's shares are trading lower due to the company's lower than expected Q3 and FY23 sales guidance.
Ashland's lower than expected sales guidance for Q3 and FY23 indicates potential financial struggles or decreased market demand, which negatively impacts investor confidence and leads to a decrease in the company's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100