If you need points, you will have to start with a multipoint
http://pro.arcgis.com/en/pro-app/tool-reference/3d-analyst/las-to-multipoint.htm
Extraction is by area
http://pro.arcgis.com/en/pro-app/tool-reference/3d-analyst/extract-las.htm
Hi Dave,
I believe you can do this using the LAS Dataset Profile View tool:
Thanks Guys, I will test these suggestions out when I have second. I'll make sure to let you know if they work!
New in 10.6 and pro 2.1
http://desktop.arcgis.com/en/arcmap/latest/tools/3d-analyst-toolbox/thin-las.htm