Norbord: 2Q Earnings Snapshot

TORONTO (AP) _ Norbord Inc. (OSB) on Wednesday reported second-quarter net income of $18 million, after reporting a loss in the same period a year earlier.

The Toronto-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs, came to 38 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.

The wood-based panel producer posted revenue of $421 million in the period.

Norbord shares have risen 17% since the beginning of the year. The stock has climbed 48% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OSB at https://www.zacks.com/ap/OSB

The Associated Press