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Stock impact report

Ashland provides update on fiscal 2020 second-quarter earnings and COVID-19 impact

Ashland Global Holdings Inc. (ASH) 
Last ashland global holdings inc. earnings: 1/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: investor.ashland.com/investor-relations
Company Research Source: GlobeNewswire
WILMINGTON, DELAWARE, April 16, 2020 (GLOBE NEWSWIRE) -- Ashland Global Holdings Inc. (NYSE: ASH) today provided an update for preliminary fiscal 2020 second-quarter financial results, its response to the COVID-19 pandemic, and strong financial position. Additional information regarding second-quarter fiscal earnings will be shared during a conference call webcast with securities analysts on May 6, 2020. Preliminary fiscal 2020 second-quarter financial results The Ashland portfolio performed well during the quarter, despite the global macroeconomic uncertainty brought on by the COVID-19 pandemic. Sales were approximately $610 million, down 9 percent versus the prior-year period. Our legacy Pharmachem business and previously communicated prior-year business losses in oral care represented approximately half of this decline. The overall results in the quarter are reflective of the defensive nature of the products we produce and the markets we serve. We did not experience significa Show less Read more
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