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Ashland Fiscal Q3 Earnings Up, Revenue Lower; Updates Guidance
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Ashland Fiscal Q3 Earnings Up, Revenue Lower; Updates Guidance
Aug 6, 2024 3:05 PM

05:36 PM EDT, 08/06/2024 (MT Newswires) -- Ashland (ASH) reported fiscal Q3 adjusted EPS Tuesday of $1.49 per share, up from $1.23 a year earlier.

Analysts polled by Capital IQ expected $1.45.

Revenue for the quarter ended June 30 was $544 million, down from $546 million a year ago.

Analysts surveyed by Capital IQ expected $577.6 million.

The company said it expects fiscal Q4 revenue of $530 million to $540 million.

Analysts polled by Capital IQ expect $565.5 million.

The firm said it now expects full fiscal year sales of about $2.1 billion, against its prior outlook of $2.15 billion to $2.23 billion.

Analysts surveyed by Capital IQ expect $2.19 billion.

Price: 84.74, Change: -5.65, Percent Change: -6.25

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