Louisiana-Pacific Corporation (LPX) Releases Earnings Results, Beats Expectations By $0.02 EPS

Louisiana-Pacific Corporation (LPX) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.26. The company posted revenue of $582.40 million in the period, compared to analysts expectations of $582.79 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Louisiana-Pacific Corporation. Louisiana-Pacific Corporation was Upgraded by Dundee to ” Buy” on Jul 21, 2016.

Louisiana-Pacific Corporation closed down -0.24 points or -1.18% at $20.08 with 21,53,946 shares getting traded on Tusday. Post opening the session at $20.21, the shares hit an intraday low of $20.03 and an intraday high of $20.32 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jun 14, 2016, Colin D Watson (director) sold 4,717 shares at $17.88 per share price. According to the SEC, on May 13, 2016, Brian Eugene Luoma (Senior Vice President) sold 10,792 shares at $18.52 per share price. On May 13, 2016, Curtis M Stevens (CEO) sold 116,100 shares at $18.49 per share price, according to the Form-4 filing with the securities and exchange commission.

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in new home construction repair and remodeling and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB) Siding Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL) I-Joists laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands and other products services and closed operations.

Louisiana-Pacific Corporation

Leave a Reply

Louisiana-Pacific Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Louisiana-Pacific Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.