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Ashland Inc. Q4 adjusted earnings Beat Estimates

Ashland Inc. (ASH) revealed a profit for fourth quarter that declined from last year.

The company's earnings came in at $5 million, or $0.07 per share. This compares with $411 million, or $6.71 per share, in last year's fourth quarter.

Excluding items, Ashland Inc. reported adjusted earnings of $60 million or $0.99 per share for the period.

Analysts had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Revenue came in at $609 million, equal to the mark posted in the same period last year.

Ashland Inc. earnings at a glance:

-Earnings (Q4): $60 Mln. vs. $47 Mln. last year.
-EPS (Q4): $0.99 vs. $0.77 last year.
-Analysts Estimate: $0.75
-Revenue (Q4): $609 Mln vs. $609 Mln last year.

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