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

Market news

30 July 2020

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

Int'l Paper (IP) reported Q2 FY 2020 earnings of $0.77 per share (versus $1.15 per share in Q2 FY 2019), beating analysts’ consensus estimate of $0.39 per share.

The company’s quarterly revenues amounted to $4.866 bln (-14.1% y/y), missing analysts’ consensus estimate of $4.974 bln.

IP rose to $37.70 (+2.59%) in pre-market trading.

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