Louisiana-Pacific: Q1 Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported first-quarter profit of $320 million.
The Nashville, Tennessee-based company said it had profit of $3 per share. Earnings, adjusted for one-time gains and costs, were $3.01 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.76 per share.
The home construction supplier posted revenue of $1.02 billion in the period.
Louisiana-Pacific shares have increased 80% since the beginning of the year. The stock has more than tripled in the last 12 months.