Louisiana-Pacific Earnings: Here’s Why Investors are Selling Shares Now
Louisiana-Pacific Corp. (NYSE:LPX) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 4.95%.
Louisiana-Pacific Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.41 in the quarter versus EPS of $-0.06 in the year-earlier quarter.
Revenue: Rose 48.69% to $537.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Louisiana-Pacific Corp. reported adjusted EPS income of $0.41 per share. By that measure, the company missed the mean analyst estimate of $0.45. It missed the average revenue estimate of $558.3 million.
Quoting Management: “LP’s strong financial results were driven by a broad recovery of building activity across all regions of the U.S., which led to improved demand for our products and increased OSB pricing,” CEO Curt Stevens said. “In addition, our South America segment continued to perform well.”
Key Stats (on next page)…