Investing.com - Ashland Global reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ashland Global announced earnings per share of $1.05 on revenue of $598M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $636.36M.
Ashland Global shares are up 19.79% from the beginning of the year and are trading at $90.50 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Ashland Global shares lost 4.61% in after-hours trade the report.
Ashland Global follows other major Basic Materials sector earnings this month
Ashland Global's report follows an earnings beat by Vale ADR on Tuesday, who reported EPS of $1.09 on revenue of $12.65B, compared to forecasts EPS of $1.06 on revenue of $13.04B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $2.06 on revenue of $4.66B, compared to forecast for EPS of $1.64 on revenue of $4.51B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar