NEW YORK (TheStreet) -- Shares of Louisiana-Pacific (LPX) - Get Report were falling 4.98% to $17.17 with heavy trading volume on Tuesday after the building materials company missed analysts' estimates for earnings in the third quarter.

Louisiana-Pacific reported a loss of 12 cents a share for the third quarter, missing analysts' estimates of a loss of 7 cents a share. Revenue fell 10.2% year over year to $465 million for the quarter, below analysts' estimates of $507.49 million.

Revenue from the Oriented Strand Board segment fell 14% to $200 million in the third quarter, while Siding segment revenue fell 3% to $158 million, and Engineered Wood Products fell 4% to $74 million in the quarter.

"While our OSB prices averaged 7% below the third quarter of last year, we did see a steady rise in Random Lengths pricing, which began in August, and which has continued into this quarter," CEO Curt Stevens said in a statement. "I'm also pleased to report that we began initial production of siding products from our Swan Valley, Manitoba mill last week, on time and on budget."

Stevens continued, "With homebuilder confidence at a 10-year high and OSB prices continuing to increase, I am optimistic that LPs results will continue to improve over the next several quarters."

About 3.3 million shares of Louisiana-Pacific were traded by 11:01 a.m. Tuesday, above the company's average trading volume of about 2.2 million shares a day.

TheStreet Ratings team rates LOUISIANA-PACIFIC CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

We rate LOUISIANA-PACIFIC CORP (LPX) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: LPX

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