Ashland (ASH) Lags Q2 Earnings and Revenue Estimates

Ashland (ASH) came out with quarterly earnings of $0.99 per share, missing the Zacks Consensus Estimate of$ 1.10 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -10%. A quarter ago, it was expected that this chemical company would post earnings of$ 0.20 per share when it actually produced earnings of $0.28, delivering a surprise of 40%.Over the last four quarters, the company has s ...