Ashland Q2 2024 Adj EPS $1.27 Beats $1.14 Estimate, Sales $575.000M Beat $574.638M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ashland (NYSE:ASH) reported Q2 2024 adjusted EPS of $1.27, surpassing the $1.14 estimate, with sales of $575M also beating the $574.638M forecast. However, this represents an 11.19% decrease in earnings and a 4.64% decrease in sales from the same period last year.
April 30, 2024 | 9:04 pm
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Ashland's Q2 2024 earnings and sales exceeded estimates but showed a decrease from the previous year.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-on-year decrease in both metrics might temper investor enthusiasm, suggesting a cautious optimism for Ashland's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100