Louisiana-Pacific: 3Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported third-quarter net income of $124 million.
On a per-share basis, the Nashville, Tennessee-based company said it had profit of 86 cents. Earnings, adjusted for non-recurring gains, came to 83 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.
The home construction supplier posted revenue of $736.8 million in the period.
Louisiana-Pacific shares have declined 13 percent since the beginning of the year. The stock has decreased 16 percent in the last 12 months.