Louisiana-Pacific: Q4 Earnings Snapshot
NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — Louisiana-Pacific Corp. (LPX) on Tuesday reported a loss of $8 million in its fourth quarter.
On a per-share basis, the Nashville, Tennessee-based company said it had a loss of 11 cents. Earnings, adjusted for one-time gains and costs, were 3 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 6 cents per share.
The home construction supplier posted revenue of $567 million in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $603.3 million.
For the year, the company reported profit of $146 million, or $2.08 per share. Revenue was reported as $2.71 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LPX at https://www.zacks.com/ap/LPX