Why Is Ashland Stock Seen Rising Today?
Shares of specialty chemicals company Ashland Global Holdings Inc. (NYSE: ASH) were up 3.4% at the time of writing after the company announced preliminary results for the third quarter of Fiscal 2022 (ended June 30, 2022) and revised projections for Fiscal 2022 (ending September 2022). Shares of the company closed at $98.75 on Friday. Revenues Drive ASH’s Third-Quarter Preliminary Results In the quarter, Ashland’s revenues were $644 million, up 19% from the year-ago quarter. Also, the top line surpassed the consensus estimate of $596 million.
Why Is Ashland Stock Seen Rising Today?
Shares of specialty chemicals company Ashland Global Holdings Inc. (NYSE: ASH) were up 3.4% at the time of writing after the company announced preliminary results for the third quarter of Fiscal 2022 (ended June 30, 2022) and revised projections for Fiscal 2022 (ending September 2022). Shares of the company closed at $98.75 on Friday. Revenues Drive ASH’s Third-Quarter Preliminary Results In the quarter, Ashland’s revenues were $644 million, up 19% from the year-ago quarter. Also, the top line surpassed the consensus estimate of $596 million.