February 8, 2011 / 10:21 PM / 9 years ago

UPDATE 1- Compass Minerals Q4 lags Street

* Q4 adj EPS $1.70 vs est $1.83

* Q4 rev $356.3 mln vs est. $354 mln

Feb 8 (Reuters) - Compass Minerals (CMP.N), a provider of highway de-icing salt and specialty fertilizer, posted lower-than-expected results, hurt by lower demand for de-icing products and higher per-unit costs in its salt segment.

Demand for consumer and professional de-icing products declined on customers’ carryover inventory following last season’s mild weather, the company said in a statement.

October-December salt operating earnings declined 18 percent on higher costs, the company that makes salt, sulfate of potash and magnesium chloride said. [ID:nASA01IYT]

Net income fell to $61.1 million, or $1.83 per share, from $62.5 million, or $1.88 per share, a year ago.

Revenue rose 14 percent to 356.3 million.

Shares of the company, which have gained about 19 percent since it reported third-quarter results, closed at $94.4 on Tuesday on the New York Stock Exchange. (Reporting by Swetha Gopinath in Bangalore; Editing by Joyjeet Das)

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