Ashland's Q earnings showed a $0.45 EPS, and a 9.9% YoY revenue drop to $473M, while exceeding the consensus estimate by $0.24.

Ashland (NYSE: ASH), a basic materials company, released its quarterly earnings results on Wednesday. The company reported a $0.45 EPS, exceeding the consensus estimate of $0.21 by $0.24. Despite this, revenue decreased by 9.9% year-over-year to $473 million. The stock opened at $94.46 on Friday, with a 50-day moving average price of $82.47 and a 200-day moving average price of $82.49. The company has a market capitalization of $4.80 billion, a price-to-earnings ratio of 30.97, and a beta of 0.93.

February 02, 2024
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