NASHVILLE, Tenn. (AP) _ Louisiana-Pacific Corp. (LPX) on Tuesday reported fourth-quarter net income of $256 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Nashville, Tennessee-based company said it had net income of $2.34. Earnings, adjusted for non-recurring gains, were $2.01 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The home construction supplier posted revenue of $860 million in the period.
For the year, the company reported net income of $499 million, or $4.46 per share, swinging to a profit in the period. Revenue was reported as $2.79 billion.
Louisiana-Pacific shares have increased 17% since the beginning of the year. The stock has increased 29% in the last 12 months.
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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
