Ashland Inc. (ASH: Quote) reported preliminary first quarter net income from continuing operations of $1.27 per share Tuesday morning, up from $0.76 per share last year. The consensus estimate is for EPS of $1.39.
Ashland gapped open sharply lower Tuesday, but traded in a range throughout the session. The stock finished down by 5.10 at $80.43 on the highest volume of the year. Ashland dropped below a range at the highs of the year and set over a 3-week low.
by RTT Staff Writer
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