Compass: 3Q Earnings Snapshot
OVERLAND PARK, Kan. (AP) _ Compass Minerals International Inc. (CMP) on Tuesday reported third-quarter earnings of $10.6 million.
On a per-share basis, the Overland Park, Kansas-based company said it had profit of 31 cents. Earnings, adjusted for non-recurring costs, came to 36 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The minerals producer posted revenue of $341.3 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $357 million.
Compass shares have increased 42% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $59.22, a climb of 15% in the last 12 months.