Ashland company said on Tuesday, the first fiscal quarter net income increased by 66%, drive the related insurance settlement of income.
For this quarter as of December 31, 2009, Kentucky covington chemical company won the $101 million, or $26 per share, compared to $61 million, or 77 cents per share, the same last year.
Not included in the one-time items, including $13 million after the interests of business interruption insurance settlement, this company quarter after the adjustment recently a quarterly profit from business for $1.12 a share.
Revenue fell 3% to $187 million, in some key market and regional demand weak damage.
The results below Wall Street expectations. Analysts expected to average $1.38 a share of the $19 billion of revenue, profit, according to FactSet.
A recent quarterly performance including a $31 million loss related some product special ingredients of the fall in the value of the business of inventory. The business of the sales dropped 1% to $622 million.
At the same time, water technology, sales fell 6%, $421 million and $345 million high performance materials sales fell by 9%. Consumer sales grew 1% to $481 million.



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