International Paper (IP) Tops Q3 EPS by 2c

International Paper (NYSE: IP) reported Q3 EPS of $1.08, $0.02 better than the analyst estimate of $1.06. Revenue for the quarter came in at $5.91 billion versus the consensus estimate of $5.92 billion.

"We had a solid third quarter driven by price realization across key businesses and significantly lower maintenance outage costs, even as our operations were impacted by two hurricanes and record high recycled fiber prices," said Mark Sutton, Chairman and Chief Executive Officer. "Looking forward, continued strong demand across our Industrial Packaging and Global Cellulose Fibers businesses, combined with prior price increases, should keep International Paper on track to deliver our expected targeted earnings growth in 2017."

For earnings history and earnings-related data on International Paper (IP) click here.

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