Investing.com - Ashland Global reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Ashland Global announced earnings per share of $0.84 on revenue of $610M. Analysts polled by Investing.com anticipated EPS of $0.83 on revenue of $616.99M. That with comparison to EPS of $0.83 on revenue of $667M in the same period a year before.Ashland Global had reported EPS of $0.13 on revenue of $533M in the previous quarter.Analysts are expecting EPS of $0.72 and revenue of $587.85M in the upcoming quarter.
Ashland Global shares are down 21.94% from the beginning of the year and are trading at $59.74 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Ashland Global follows other major Basic Materials sector earnings this month
Ashland Global's report follows an earnings missed by Newmont Goldcorp on Tuesday, who reported EPS of $0.4 on revenue of $2.58B, compared to forecasts EPS of $0.42 on revenue of $2.71B.
Air Products had missed expectations on April 23 with second quarter EPS of $2.04 on revenue of $2.22B, compared to forecast for EPS of $2.08 on revenue of $2.16B.
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