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Compass Minerals reports higher sales on strong salt business

2:50 PM MDT | October 28, 2013 | Lindsay Frost

Compass Minerals, on 28 October, reported results for the third quarter—showing strength in its salt segment, but weakness in its specialty fertilizer business. Net income grew 64% year-over year (YOY), to $15.4 million with earnings per share of 28 cts falling below analysts' estimates of 55 cts, according to Thomson Reuters (New York). Sales of $184.7 million were up 2% YOY, due to an increase in salt sales partially offset by a decline in specialty fertilizer sales as growers delayed purchasing fertilizer due to recent market developments, the company...

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