OVERLAND PARK, Kan. (AP) _ Compass Minerals International Inc. (CMP) on Tuesday reported a loss of $11.8 million in its second quarter.
On a per-share basis, the Overland Park, Kansas-based company said it had a loss of 36 cents. Losses, adjusted for non-recurring costs, were 29 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.
The minerals producer posted revenue of $245.2 million in the period, which also fell short of Street forecasts. Three analysts surveyed by Zacks expected $247.1 million.
Compass shares have risen 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $54.13, a fall of 21% in the last 12 months.