India, July 28 -- Ashland Inc. (ASH) on Tuesday reported a profit for the third quarter, a turnaround from a loss last year, as sales increased. The company also reaffirmed its full-year 2026 sales outlook.
For the third quarter, net income was $16 million or $0.35 per share, compared with a loss of $742 million or $16.21 per share in the prior-year quarter.
Income from continuing operations was $41 million or $0.89 per share, compared to a loss from continuing operations of $719 million or $15.70 per share a year ago.
Adjusted income from continuing operations, excluding intangibles amortization expense, was $47 million or $1.02 per share, compared with $48 million or $1.04 per share last year.
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