Ashland (ASH) got here out with quarterly earnings of $0.77 per share, lacking the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.97 per share a yr in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -21.43%. 1 / 4 in the past, it was anticipated that this chemical firm would put up earnings of $0.77 per share when it really produced earnings of $0.77, delivering no shock.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Ashland, which belongs to the Zacks Chemical – Specialty trade, posted revenues of $609 million for the quarter ended September 2019, lacking the Zacks Consensus Estimate by 5.12%. This compares to year-ago revenues of $956 million. The corporate has topped consensus income estimates simply as soon as during the last 4 quarters.
The sustainability of the inventory’s rapid worth motion based mostly on the recently-released numbers and future…