Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Ashland Q2 Net Profit Plummets - Quick Facts

RELATED NEWS
Trade ASH now with 

Ashland Inc. (ASH: Quote) reported a significant plunge in its second-quarter net income to $88 million or $1.10 per share from last year's $485 million or $6.02 per share. However, excluding key items, Ashland's adjusted earnings from continuing operations rose 57 percent to $1.52 per share from $0.97 per share a year ago.

On average, 10 analysts polled by Thomson Reuters expected earnings per share of $1.39 for the quarter. Analysts' estimates typically exclude one-time items.

Sales for the second quarter improved to $2.08 billion from $1.56 billion in the prior-year quarter, whereas 8 analysts estimated revenues of $2.08 billion for the quarter.

The company stated, "We are well on track for the year and remain confident in our ability to deliver our fiscal 2014 financial targets for sales and earnings growth."

Click here to receive FREE breaking news email alerts for Ashland Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Consumers spent less in July than in the previous month, a surprise retreat that complicates the prevailing belief that the U.S. economic situation is improving. Along with the unexpected drop in spending, government figures released on Friday showed that incomes rose at a slower pace in July than in the previous month. Meanwhile, data on prices indicated that inflation pressures remain tame. India's economy grew faster-than-expected in the three months to June and at the strongest pace in two years, preliminary figures from the Central Statistics Office revealed Friday. Gross domestic product grew 5.7 percent in the April to June quarter, which exceeded economists' forecast for 5.5 percent expansion. The economy grew 4.6 percent in the previous three months. Eurozone inflation slowed as expected in August on falling energy prices giving room for the central bank to support demand and economic recovery without stoking inflation and help the region to create more jobs. The unemployment rate remained unchanged at an elevated level in July. Nonetheless, it was at the lowest since September 2012.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.