Revenue Update on Ashland Inc(NYSE:ASH)

Ashland Inc(NYSE:ASH) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $1.29B. Analysts estimated a revenue of $1.32B. Earnings per share were $1.95. Analysts had estimated an EPS of $2.04.

Ashland Inc (ASH) made into the market gainers list on Fridays trading session with the shares advancing 0.50% or 0.56 points. Due to strong positive momentum, the stock ended at $113.24, which is also near the day’s high of $113.44. The stock began the session at $112.36 and the volume stood at 8,19,380 shares. The 52-week high of the shares is $123.17 and the 52 week low is $88.3. The company has a current market capitalization of $7,028 M and it has 6,20,60,722 shares in outstanding.

Ashland Inc has also declared a cash dividend of $0.3900 on Jul 20, 2016. The shares will quote ex-dividend on Aug 17, 2016 and the record date has been fixed on Aug 19, 2016. The dividend payable date has been fixed on Sep 15, 2016.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Anne T. Schumann (Vice President) sold 496 shares at $121.61 per share price.Also, On May 6, 2016, J Kevin Willis (Chief Financial Officer) sold 1,183 shares at $110.99 per share price.On Apr 4, 2016, Peter Ganz (Senior Vice President) sold 3,000 shares at $109.30 per share price, according to the Form-4 filing with the securities and exchange commission.

Ashland Inc. (Ashland) is a specialty chemical company that provides products services and solutions to industries. The Company’s segments are: Ashland Specialty Ingredients offers products technologies and resources in key markets including personal and home care pharmaceutical food and beverage coatings construction energy and other industries; Ashland Water Technologies is a supplier of specialty chemicals and services to the pulp paper mining food and beverage power generation refining chemical processing general manufacturing and municipal markets. Ashland Performance Materials helps customers to create substitutes for traditional materials through higher performing cost-efficient resin and adhesive technologies that improve the manufacturing fabrication and design process and Ashland Consumer Markets delivers premium-branded automotive commercial and industrial lubricants automotive chemicals and car-care products.

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