Louisiana-Pacific: 3Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported third-quarter profit of $2 million.
On a per-share basis, the Nashville, Tennessee-based company said it had profit of 2 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The home construction supplier posted revenue of $603 million in the period.
Louisiana-Pacific shares have risen 35% since the beginning of the year. The stock has increased 29% in the last 12 months.