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Ashland Inc shares rose 5.2% after forecasting a sequential rise in Q2 sales, despite a 10% decline in Q1 sales and lower net income.
Shares of Ashland Inc, a company that provides additives and specialty ingredients, rose 5.2% after it forecasted a sequential increase in sales for the upcoming second quarter.
The company reported a decline in first-quarter sales, which is down 10% from the prior-year quarter, and a decrease in net income.
Despite these setbacks, the company's free cash flow improved significantly compared to the prior-year quarter.
Ashland also repurchased 1.2 million shares during the first quarter, with $900 million remaining under its share repurchase authorization.
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Las acciones de Ashland Inc subieron un 5,2% después de pronosticar un aumento secuencial en las ventas del segundo trimestre, a pesar de una disminución del 10% en las ventas del primer trimestre y una menor utilidad neta.