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Ashland, Solutia Update Outlook

10:09 AM MDT | October 27, 2008 | Chemical Week Editorial Staff

Ashland says earnings from continuing operations for its fiscal fourth quarter, ended September 30, are expected to be near breakeven. Ashland Water Technologies is expected to post a loss, and Ashland Distribution earnings are expected to beat those in the year-ago quarter, despite lower volumes, Ashland says. The company is due to report results on October 28. Meanwhile, Solutia says it expects third-quarter Ebitda from continuing operations to rise 46%, to $111 million, on sales up 29%, to $587  million. The company cites prices, volume, and...

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