Ashland Q3 Adj EPS $1.23 Misses $1.35 Estimate, Sales $546.00M Miss $567.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ashland (NYSE:ASH) reported Q3 adjusted earnings of $1.23 per share, missing the analyst consensus estimate of $1.35 by 8.89%. This is a 34.92% decrease from the same period last year. The company also reported quarterly sales of $546.00 million, missing the analyst consensus estimate of $567.97 million by 3.87%. This is a 15.22% decrease from the same period last year.
July 25, 2023 | 9:13 pm
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Ashland's Q3 earnings and sales missed estimates, marking a significant decrease from the same period last year. This could potentially impact the company's stock negatively in the short term.
Ashland's Q3 earnings and sales have both missed estimates and shown a significant decrease from the same period last year. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100