Investing.com - Ashland (NYSE:ASH) Global reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Ashland Global announced earnings per share of $1.89 on revenue of $644M. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $608.24M.
Ashland Global shares are down 21% from the beginning of the year, still down 7.01% from its 52 week high of $112.91 set on June 6. They are under-performing the S&P 500 which is down 17.73% from the start of the year.
Ashland Global shares lost 0.12% in after-hours trade following the report.
Ashland Global follows other major Materials sector earnings this month
Ashland Global's report follows an earnings matched by Ecolab on Tuesday, who reported EPS of $1.1 on revenue of $3.58B, compared to forecasts EPS of $1.1 on revenue of $3.49B.
Freeport-McMoran had missed expectations on Thursday with second quarter EPS of $0.58 on revenue of $5.42B, compared to forecast for EPS of $0.6163 on revenue of $6.13B.
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