Company News: Intl Paper (IP) Q4 results beat analysts’ expectations

Market news

2 February 2017

Company News: Intl Paper (IP) Q4 results beat analysts’ expectations

Intl Paper reported Q4 FY 2016 earnings of $0.73 per share (versus $0.87 in Q4 FY 2015), beating analysts' consensus estimate of $0.71.

The company's quarterly revenues amounted to $5.381 bln (-1.1% y/y), beating analysts' consensus estimate of $5.320 bln.

IP rose to $57.00 (+0.89%) in pre-market trading.

The British pound fell after the Bank of England’s inflation report. GBP / USD lost about 150 pips and is currently trading at the $ 1.2559 level

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