Int'l Paper (IP) reported Q3 FY 2020 earnings of $0.71 per share (versus $1.09 per share in Q3 FY 2019), beating analysts’ consensus estimate of $0.49 per share.
The company’s quarterly revenues amounted to $5.123 bln (-8.0% y/y), roughly in line with analysts’ consensus estimate of $5.106 bln.
IP rose to $43.50 (+1.16%) in pre-market trading.