Ashland's (ASH) Q1 Earnings Beat Estimates, Revenues Miss

Ashland Global Holdings Inc. (ASH) recorded first-quarter fiscal 2024 (ending Dec 31, 2023) adjusted earnings of 45 cents per share, down from 97 cents in the prior-year quarter. The bottom line beat the Zacks Consensus Estimate of 21 cents.Sales declined by 9.9% year over year to $473 million, falling short of the Zacks Consensus Estimate of$478.4 million. The decline is attributed to weaker volumes, partly offset by improved pricing within the Life Sciences and Personal Care segments. Segment HighlightsL ...