OVERLAND PARK, Kan. (AP) _ Compass Minerals International Inc. (CMP) on Tuesday reported fourth-quarter net income of $32.3 million.
On a per-share basis, the Overland Park, Kansas-based company said it had profit of 94 cents. Earnings, adjusted for non-recurring gains, were 62 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share.
The minerals producer posted revenue of $421.1 million in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $455.5 million.
For the year, the company reported profit of $59.5 million, or $1.72 per share. Revenue was reported as $1.37 billion.
Compass shares have risen 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.38, a rise of slightly more than 6% in the last 12 months.