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Louisiana-Pacific: 1Q Earnings Snapshot

NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported first-quarter net income of $27 million.

On a per-share basis, the Nashville, Tennessee-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, were 13 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 16 cents per share.

The home construction supplier posted revenue of $582 million in the period.

Louisiana-Pacific shares have risen 14% since the beginning of the year. The stock has fallen 10% in the last 12 months.


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