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

Market news

31 October 2019

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

Int'l Paper (IP) reported Q3 FY 2019 earnings of $1.09 per share (versus $1.56 in Q3 FY 2018), beating analysts’ consensus estimate of $0.99.

The company’s quarterly revenues amounted to $5.568 bln (-5.6% y/y), missing analysts’ consensus estimate of $5.633 bln.

IP rose to $43.03 (+0.89%) in pre-market trading.

EUR/GBP remains sidelined above 0.8600

Eurozone's economy maintains cruising speed of 0.2% in 3Q - ING

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