Ashland Q1 Adj EPS $0.45 Beats $0.19 Estimate, Sales $473.00M Miss $477.78M Estimate
Portfolio Pulse from mahesh@benzinga.com
Ashland (NYSE:ASH) reported Q1 adjusted EPS of $0.45, surpassing the $0.19 estimate, but experienced a 53.61% decrease from the previous year's $0.97 per share. Sales reached $473M, falling short of the $477.78M estimate and marking a 9.90% decline from last year's $525M.
January 30, 2024 | 10:12 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Ashland's Q1 earnings beat estimates with an EPS of $0.45, but sales slightly missed expectations and showed a year-over-year decline.
While Ashland beat EPS estimates significantly, which could be seen as a positive, the miss on sales and the year-over-year decline in both earnings and sales could temper investor enthusiasm, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100