** Louisiana-Pacific's shares up 5.3% to $106.50 premarket after wood products firm posts qtrly beat and boosts outlook
** LPX on track for fifth consecutive session of gains, set to open at four-week high ** Co reports Q3 rev of $722 mln, down 1% y/y, and adj EPS of $1.22, both above LSEG estimates of ~$680 mln in rev and earnings of 88 cents/sh
** "...Siding segment set new records for net sales and Adjusted EBITDA, and the OSB (Oriented Strand Board) segment delivered a solid quarter in a challenging price environment with operational efficiency, cost control, and outstanding safety,” CEO Brad Southern said in statement
** Co raises consolidated full-yr adj core profit (EBITDA) guidance to $655-$675 mln, up from prior forecast of $580-$620 mln
** 10 analysts cover LPX and recommendation breakdown is 3 "buy", 5 "hold" and 2 "sell" ratings and median PT is $110 - LSEG data shows
** Through Mon close, shares have gained 43% YTD following ~20% gain in 2023
(Lance Tupper is a Reuters market analyst. The views expressed are his own) ((lance.tupper@thomsonreuters.com lance.tupper@tr.com 1-646-279-6380))
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