Ashland reports q1 preliminary eps of $0.53

Ashland reports preliminary financial results for first quarter of fiscal 2020.q1 adjusted earnings per share $0.13 from continuing operations.q1 earnings per share $0.56 from continuing operations.q1 earnings per share $0.53.q1 sales $533 million versus refinitiv ibes estimate of $535.6 million.q1 earnings per share estimate $0.07 -- refinitiv ibes data.ashland global holdings qtrly sales down driven primarily by weaker demand in consumer end markets, impact of prior-year business loss at pharmachem.ashland global holdings - results in quarter were challenged by market weakness and impact of business loss that occurred last year.ashland global holdings qtrly sales down also driven by weaker demand in industrial end markets.ashland - internal actions, prospect for less global uncertainty in coming qtrs should support momentum for steadily improving 2020 results.
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