💨 Abstract

Ashland Inc. reported a fiscal third-quarter loss of $742 million, missing Wall Street’s earnings and revenue projections. The Delaware-based chemical company's earnings, excluding adjustments for asset impairment and other costs, were $1.04 per share, falling short of the estimated $1.15 per share. The company's revenue hit $463 million, below the expected $468.4 million.

Courtesy: WTOP Staff