International Paper (IP) Tops Q3 EPS by 3c, Revenues Miss

International Paper (NYSE: IP) reported Q3 EPS of $1.56, $0.03 better than the analyst estimate of $1.53. Revenue for the quarter came in at $5.9 billion versus the consensus estimate of $5.92 billion.

"International Paper delivered very strong performance and significant year-over-year earnings growth in the third quarter," said Mark Sutton, Chairman and Chief Executive Officer. "We had solid commercial performance and continued momentum across the businesses, and we continue to work aggressively to offset higher distribution and input costs. I\'m proud of the outstanding work to safely prepare, secure and restart the facilities affected by Hurricane Florence. Looking ahead to the fourth quarter, we see continued healthy demand for our products and remain confident in our commitment to deliver strong full-year earnings growth in 2018."

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

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