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Ashland Inc. Reports Fiscal Third-Quarter Net Income of $1.13 Per Share

COVINGTON, Ky., July 24 /PRNewswire-FirstCall/ -- Ashland Inc. (NYSE: ASH) today announced preliminary(1) net income for the quarter ended June 30, 2008, the third quarter of its fiscal year, of $72 million, or $1.13 per share. In the prior-year June quarter, net income was $100 million, or $1.58 per share. (Logo: ) Income from continuing operations totaled $66 million, or $1.03 per share,...

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Ashland earnings lower

Rising raw material costs and weak results in its performance materials division led to a 28 percent decline in Ashland Inc.'s third-quarter earnings.

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Ashland net income slips

NEW YORK (MarketWatch) -- Chemical company Ashland Inc. on Thursday said its fiscal third-quarter net income fell to $72 million, or $1.13 a share, from $100 million, or $1.58 a share, in the year-ago period. On a continuing operations basis, it earned $1.03 a share. Sales rose to $2.2 billion from $1.98 billion. Analysts, on average, expected it to earn 87 cents a share on sales of...

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Higher costs send Ashland 2Q profits down

Ashland Inc.'s net income for the quarter ended June 30 declined 28 percent to $72 million, or $1.13 per share, compared with $100 million, or $1.58, in the same period a year earlier, as higher costs of sales, increased SG&A expenses, and higher income taxes offset an 11 percent increase in revenue.

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AEP Names Turner to Board of Directors

... a managing partner of The Triangle X Ranch, located in Moose, Wyo. He also serves as a director of Ashland Inc., International Paper and Peabody Energy Co. A native of Moose, Wyo., Turner has a bachelor's degree in biology from the University of Notre Dame and a master's degree in wildlife ecology from the University of Michigan. American Electric Power is one of the largest electric...