Ashland Inc. Q3 Income Advances

Ashland Inc. (ASH) announced earnings for its third quarter that advanced from the same period last year.

The company's earnings totaled $80 million, or $1.29 per share. This compares with $37 million, or $0.61 per share, in last year's third quarter.

Analysts had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.0% to $637 million from $574 million last year.

Ashland Inc. earnings at a glance:

-Earnings (Q3): $80 Mln. vs. $37 Mln. last year.
-EPS (Q3): $1.29 vs. $0.61 last year.
-Analysts Estimate: $1.29
-Revenue (Q3): $637 Mln vs. $574 Mln last year.

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