Ashland Inc. (ASH) reported a profit for its fourth quarter that increased from the same period last year but missed the Street estimates.
The company's bottom line came in at $32 million, or $0.71 per share. This compares with $16 million, or $0.33 per share, last year.
Excluding items, Ashland Inc. reported adjusted earnings of $37 million or $0.81 per share for the period.
Analysts on average had expected the company to earn $1.26 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 8.4% to $478 million from $522 million last year.
Ashland Inc. earnings at a glance (GAAP) :
-Earnings: $32 Mln. vs. $16 Mln. last year.-EPS: $0.71 vs. $0.33 last year.-Revenue: $478 Mln vs. $522 Mln last year.
(Amended: Corrects quarter to Q4)
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