Investing.com - Ashland (NYSE:ASH) Global reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ashland Global announced earnings per share of $1.5 on revenue of $604M. Analysts polled by Investing.com anticipated EPS of $1.35 on revenue of $588.24M.
Ashland Global shares are down 15% from the beginning of the year, still down 8.76% from its 52 week high of $111.05 set on April 20. They are under-performing the DAX which is down 13.4% from the start of the year.
Ashland Global follows other major Materials sector earnings this month
Ashland Global's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $1.61 on revenue of $5B, compared to forecasts EPS of $1.54 on revenue of $4.91B.
Freeport-McMoran had beat expectations on Thursday with first quarter EPS of $1.07 on revenue of $6.6B, compared to forecast for EPS of $0.9308 on revenue of $6.44B.
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