Wednesday, April 25, 2007

UPDATE 1-Louisiana-Pacific posts first-quarter loss

(Reuters) - The company's net loss was $37 million, or 36 cents per diluted share, compared to net income of $84 million, or 79 cents per diluted share, a year earlier. Income from continuing operations a year ago was $85 million, or 80 cents per share.

The company lost money in its oriented strand board unit, where pricing was nearly 50 percent lower than a year ago and costs were impacted by railroad work interruptions, Louisiana-Pacific Chief Executive Rick Frost said.


Read more at Reuters.com Market News

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