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People & Business :: Companies

Ashland results hit by pension, debt charges, but beat estimates

11:47 AM MDT | October 30, 2012 | Vincent Valk

Ashland today reported a fiscal fourth-quarter net loss from continuing operations of $272 million, or $3.47/share, on a $3.88/share actuarial pension loss and a 80 cts/share loss related to debt refinancing. Excluding these items, the company recorded adjusted earnings from continuing operations of $150 million, or $1.87/share, up 85% from the year-ago quarter. Adjusted earnings beat analysts' consensus of $1.76/share, as reported by Thomson Reuters (New York). Ashland's net loss was $273 million in the year-ago quarter, primarily due to charges related to the...

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