Investing.com - Ashland (NYSE:ASH) Global reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ashland Global announced earnings per share of $0.99 on revenue of $552M. Analysts polled by Investing.com anticipated EPS of $0.6852 on revenue of $539.62M.
Ashland Global shares are up 8.16% from the beginning of the year, still down 4.01% from its 52 week high of $89.24 set on January 21. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ashland Global follows other major Basic Materials sector earnings this month
Ashland Global's report follows an earnings beat by Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Southern Copper had beat expectations on January 25 with fourth quarter EPS of $0.76 on revenue of $2.35B, compared to forecast for EPS of $0.7002 on revenue of $2.1B.
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