Investing.com - Ashland (NYSE:ASH) Global reported on Tuesday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Ashland Global announced earnings per share of $1.22 on revenue of $591M. Analysts polled by Investing.com anticipated EPS of $1.34 on revenue of $634.32M.
Ashland Global shares are up 25.43% from the beginning of the year, still down 0.50% from its 52 week high of $99.84 set on November 9. They are outperforming the EUR/USD which is down 0% from the start of the year.
Ashland Global shares lost 1.46% in after-hours trade following the report.
Ashland Global follows other major Basic Materials sector earnings this month
Ashland Global's report follows an earnings missed by Vale ADR on October 29, who reported EPS of $0.76 on revenue of $12.68B, compared to forecasts EPS of $1.09 on revenue of $13.89B.
Freeport-McMoran had beat expectations on October 21 with third quarter EPS of $0.89 on revenue of $6.08B, compared to forecast for EPS of $0.8088 on revenue of $6.18B.
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