Ashland delivered a solid quarter and strong forward outlook.
Weak earnings reports weren't the only factor pressuring these specialty chemicals stocks this week.
Demand weakness in personal care and specialty additives and customer inventory destocking hurt Ashland's (ASH) Q2 results.
Ashland (ASH) delivered earnings and revenue surprises of -6.54% and 4.67%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Element Solutions (ESI) delivered earnings and revenue surprises of 3.45% and 8.54%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
Ashland (ASH) benefits from healthy demand in most consumer end markets, the Schulke & Mayr acquisition and its pricing and mix improvement actions to counter inflation.