Louisiana-Pacific Shares Slide On Missing Q2 Estimates
Portfolio Pulse from Akanksha Bakshi
Louisiana-Pacific Corp (NYSE:LPX) reported a Q2 FY23 revenue decline of 4.9% YoY to $661 million, missing the consensus of $668.20 million. The company's adjusted EPS was $0.55, down 86.9% YoY, missing the consensus of $0.64. The company's shares are trading 12.3% lower at $67.03. For Q3, the company expects revenue to be sequentially higher by at least 50% and adjusted EBITDA to be in the range of $160 million and $180 million.
August 04, 2023 | 11:25 am
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NEGATIVE IMPACT
Louisiana-Pacific Corp reported lower than expected Q2 FY23 revenue and EPS, leading to a 12.3% drop in its share price. The company expects Q3 revenue to increase by at least 50%.
Louisiana-Pacific Corp's lower than expected Q2 FY23 revenue and EPS have negatively impacted investor sentiment, leading to a drop in its share price. However, the company's forecast of a significant increase in Q3 revenue may help to mitigate some of this negative impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100