Ashland Says Expectations That Destocking Would Conclude During Q3 Proved To Be Optimistic
Portfolio Pulse from Benzinga Newsdesk
Ashland Global Holdings Inc. (ASH) has announced that its expectations for destocking to conclude during Q3 were overly optimistic.
July 25, 2023 | 9:15 pm
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NEGATIVE IMPACT
Ashland's announcement that its Q3 destocking expectations were too optimistic may negatively impact investor sentiment.
Ashland's announcement indicates that the company's inventory levels may not be as low as expected, which could lead to lower sales and revenues in the short term. This could negatively impact the company's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100