WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Ashland Inc. (ASH) on Tuesday reported fiscal third-quarter earnings of $6 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.49 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The chemical company posted revenue of $544 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $569 million.
Ashland shares have risen 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $90.39, a fall of slightly more than 2% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASH at https://www.zacks.com/ap/ASH
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