Compass Minerals (CMP) stock plunged 8.8% in the after-hours trading session on Monday, following the release of the company's weak fourth-quarter financial results.
The mineral and salt producer reported an adjusted EBITDA of only $15.6 million for the fourth quarter. Its revenue came in at $208.8 million, while it suffered a net loss of $48.3 million and an EBIT loss of $29.8 million during the quarter.
The disappointing financial performance, marked by declining earnings and profitability, has raised concerns among investors about the company's prospects, leading to the significant sell-off in Compass Minerals' shares in the extended trading hours.
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