Louisiana Pacific (LPX) released earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line totaled $91 million, or $1.30 per share. This compares with $108 million, or $1.48 per share, last year.
Excluding items, Louisiana Pacific reported adjusted earnings of $89 million or $1.27 per share for the period.
Analysts on average had expected the company to earn $1.18 per share. Analysts' estimates typically exclude special items.
Revenue held steady at $724 million
Louisiana Pacific earnings at a glance (GAAP) :
-Earnings: $91 Mln. vs. $108 Mln. last year.
-EPS: $1.30 vs. $1.48 last year.
-Revenue: $724 Mln vs. $724 Mln last year.
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