Company News: International Paper Company (IP) Q3 profit beats expectations

Market news

28 October 2015

Company News: International Paper Company (IP) Q3 profit beats expectations

International Paper Company reported Q3 earnings of $0.97 per share (versus $0.95 in Q3 FY 2014), beating analysts' consensus of $0.93.

The company's revenues amounted to $5.691 bln (-5.9% y/y), missing consensus estimate of $5.846 bln.

IP declined to $43.01 (-1.04%) on Tuesday.

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European stock markets mid session: stocks traded higher ahead of the release of the Fed’s monetary policy meeting results

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