Ashland (ASH) Misses Q3 EPS by 9c

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Ashland Inc. reports preliminary financial results for third quarter of fiscal 2016

July 26, 2016 5:01 PM EDT

                                                                             
                                                                                    July 26, 2016 

Earnings from continuing operations equal $97 million, or $1.55 per diluted share, a decrease of 16 percent from a year ago Adjusted earnings from continuing operations total $122 million, or $1.95 per diluted share, up 2 percent from a year ago Net income equals $71 million, a decrease of $36 million from a year ago Adjusted EBITDA totals $294 million and adjusted EBITDA margin was 22.8 percent, a 160-basis-point increase from a year ago

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