Louisiana-Pacific: 4Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Wednesday reported fourth-quarter profit of $17 million.
The Nashville, Tennessee-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The home construction supplier posted revenue of $589.1 million in the period.
For the year, the company reported profit of $394.6 million, or $2.73 per share. Revenue was reported as $2.83 billion.
Louisiana-Pacific shares have risen slightly more than 9 percent since the beginning of the year. The stock has dropped 15 percent in the last 12 months.