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News Breaks | | | | January 29, 2013 | | 13:50 EDT |  | ASH | Ashland trading lower after preliminary Q1 profits disappoint
Ashland (ASH) shares are trading lower after the company released preliminary Q1 EPS results that were weaker than analyst estimates. The specialty chemical maker reported preliminary Q1 adjusted ex-items EPS of $1.12, well below the analyst consensus of $1.39, and revenue of $1.9B, which met analyst expectations. Ashland CEO James J. O'Brien noted that Q1 is the company's seasonally weakest period of the year and that Q1 results reflect soft demand in some key markets and regions. He added that the results included $31M in losses on straight guar, primarily reflecting a discrete write-down of inventory to current market value as contributing to the Q1 disappointment. Ashland shares are trading down $5.98, or 6.99%, to $79.55 in early afternoon trading. | |
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News For ASH From The Last 14 Days Check below for free stories on ASH the last two weeks. |
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| May 15, 2013 | | 11:48 EDT | | ASH | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. | | | 11:22 EDT | | ASH | David Tepper's Appaloosa reports new stake in Ashland
 Subscribe for More Information | | | 06:19 EDT | | ASH | Ashland announces new $600M common share repurchase program
Subscribe for More Information | | | 06:17 EDT | | ASH | Ashland board raises annual dividend by 51.1% to $1.36
Subscribe for More Information | | | May 14, 2013 | | 05:34 EDT |  | ASH | Ashland management to meet with FBN Securities
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