Company News: Int'l Paper (IP) quarterly earnings beat analysts’ forecast

Market news

25 April 2019

Company News: Int'l Paper (IP) quarterly earnings beat analysts’ forecast

Int'l Paper (IP) reported Q1 FY 2019 earnings of $1.11 per share (versus $0.94 in Q1 FY 2018), beating analysts’ consensus of $0.93.

The company’s quarterly revenues amounted to $5.643 bln (+0.4% y/y), missing analysts’ consensus estimate of $5.735 bln.

IP rose to $46.33 (+4.61%) in pre-market trading.

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