BUZZ-Norbord Inc: Shares rise as profit beats estimates

Tue Jul 29, 2014 11:48am EDT
 
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July 29 (Reuters) - ** Wood-based panel maker's shares up 7.5 pct at $24.03

** Canada-based Norbord's Q2 profit exceeded expectations as oriented strand board prices inched up from Q1 levels

** Lower raw material usage and higher production more than offset higher raw material prices - company

** "Outperformance was due to a combination of slightly lower costs and slightly higher pricing" - Dundee Capital Markets analysts

** Stock among Tuesday's top percentage gainers on the Toronto Stock Exchange