Investing.com - Ashland Global reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashland Global announced earnings per share of $0.88 on revenue of $512M. Analysts polled by Investing.com anticipated EPS of $0.8738 on revenue of $518.18M.
Ashland Global shares are down 11.09% from the beginning of the year and are trading at $94.34 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Ashland Global shares lost 1.44% in after-hours trade the report.
Ashland Global follows other major Materials sector earnings this month
Ashland Global's report follows an earnings missed by Sherwin-Williams on January 14, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on January 26 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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