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Ashland Dips on Low Volume
Ashland Inc. (ASH - Snapshot Report) fell around 3% this afternoon on low volume of 762,000 shares, versus the average of 1.5 million.
The company posted fiscal second-quarter earnings per share of 65 cents, beating the consensus by 109.7%.
For the fiscal year ending September 2009, the average forecast has risen by 14 cents, or 5.5%, to $2.67 per share over the past week. This time period has seen upward revisions by 4 analysts out of 10.
In the last 4 quarters, this Zacks #1 Rank ("Strong Buy") company bested analysts' expectations 3 times and missed once.
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| Market Summary | Nov 22, 2009 03:35 am ET |
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