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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, will release its second-quarter fiscal 2024 results Tuesday, May 7, 2024, after the markets close. The company's president and CEO, Edward C. Dowling Jr., and CFO, Lorin Crenshaw, will discuss these results on a conference call on Wednesday, May 8, 2024, at 9:30 a.m. ET. Access to the conference call will be available via webcast at investors.compassminerals.com or by dialing 1-8.
Lithium spot prices were generally flat the past month. Lithium market news - Chile opens 26 lithium salt flats to private companies. Fastmarkets - "We forecast a fairly balanced market in 2024." Junior lithium miner company news - Atlas Lithium secures US$30M Strategic Investment & Offtake Agreement from Mitsui. Galan Lithium increases total Mineral Resource by 18% to 8.6Mt LCE @859mg/L Li.
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Compass (CMP) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
The decline in Compass Minerals' (CMP) Q1 revenues is mainly due to weaker Salt segment sales.
While the top- and bottom-line numbers for Compass (CMP) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Compass Minerals (CMP) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.24 per share. This compares to break-even earnings per share a year ago.
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Lithium chemical spot prices and spodumene prices were significantly lower the past month. Lithium market news - Biden-Harris Administration announces $3.5 billion to strengthen domestic battery manufacturing and its supply chain. Albemarle flags output cuts. Junior lithium miner company news - Atlantic Lithium rejects non-binding indicative offers from Assore. Wildcat Resources hits 180m @ 1.1% Li2O.
Compass Minerals' (CMP) Q4 results reflect weaker Plant Nutrition segment sales offset by improved profitability in the salt business.