Tuesday, Ashland Inc. (ASH) said its first-quarter net income was $86 million or $1.10 per share compared with a loss of $119 million or $1.73 per share in the prior year period. Income from continuing operations for the quarter was $76 million or $0.97 per share versus a loss of $119 million or $1.73 per share in the year-ago period. On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter.
Sales for the quarter increased to $2.02 billion from $1.96 billion in the comparable period. Six analysts estimated revenues of $2.00 billion for the quarter.
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