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Ashland Earnings Rise on Specialty Sales Growth

9:55 AM MDT | April 24, 2012 | Vincent Valk

Ashland’s fiscal second-quarter earnings from continuing operations rose 57% year-on-year, to $121 million, or $1.52/share, on higher sales in the company’s specialty ingredients business. Earnings beat analysts’ consensus of $1.39/share, as reported by Thomson Reuters (New York). Sales were up 2%, to $2.1 billion. Ashland’s fiscal second-quarter ended on March 31.   The company’s specialty ingredients segment, which includes most of the former International Specialty Products (ISP) saw sales rise 11% year-on-year, to $723...

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