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.