Ashland Global Holdings Inc. (ASH) reported earnings for second quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $31 million, or $0.65 per share. This compares with $120 million, or $2.39 per share, last year.
Excluding items, Ashland Global Holdings Inc. reported adjusted earnings of $46 million or $0.99 per share for the period.
Analysts on average had expected the company to earn $1.10 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 16.7% to $479 million from $575 million last year.
Ashland Global Holdings Inc. earnings at a glance (GAAP) :
-Earnings: $31 Mln. vs. $120 Mln. last year.
-EPS: $0.65 vs. $2.39 last year.
-Revenue: $479 Mln vs. $575 Mln last year.
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