Ashland (ASH) reported fiscal Q1 adjusted earnings late Tuesday of $0.28 per share, down from $0.45 a year earlier.
Analysts polled by FactSet expected $0.17.
Sales for the quarter ended Dec. 31 was $405 million, down from $473 million a year ago.
Analysts surveyed by FactSet expected $429.1 million.
The firm said it expects full fiscal year sales of about $1.90 billion to $2.05 billion.
Analysts surveyed by FactSet expect $1.96 billion.
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