Louisiana-Pacific beats 4Q profit forecasts

Associated Press |

NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported fourth-quarter net income of $130.5 million.

On a per-share basis, the Nashville, Tennessee-based company said it had net income of 89 cents. Earnings, adjusted for non-recurring gains, were 73 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share.

The home construction supplier posted revenue of $710.6 million in the period.

For the year, the company reported profit of $389.8 million, or $2.66 per share. Revenue was reported as $2.73 billion.

Louisiana-Pacific shares have climbed slightly more than 8 percent since the beginning of the year. The stock has climbed 22 percent 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

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