Louisiana Pacific Profit Rises 434% In Q1

(RTTNews) - Louisiana Pacific (LPX) revealed earnings for its first quarter that climbed from last year.

The company said its bottom line advanced to $55.0 million, or $0.38 per share. This was up from $10.3 million, or $0.07 per share, in last year's first quarter.

Analysts had expected the company to earn $0.34 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 21.1% to $610.9 million. This was up from $504.6 million last year.

Louisiana Pacific earnings at a glance:

-Earnings (Q1): $55.0 Mln. vs. $10.3 Mln. last year. -Earnings Growth (Y-o-Y): 434.0% -EPS (Q1): $0.38 vs. $0.07 last year. -EPS Growth (Y-o-Y): 442.9% -Analysts Estimate: $0.34 -Revenue (Q1): $610.9 Mln vs. $504.6 Mln last year. -Revenue Change (Y-o-Y): 21.1%