International Paper (IP) Tops Q3 EPS by 13c, Revs Roughly In-Line
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International Paper Co. (NYSE: IP) reports Q3 earnings of $0.37 per share, ex-items, above the consensus of $0.24. Revenues fell to $5.9 billion, versus the consensus of $5.89 billion.
"At the end of the third quarter, we began to see some modest improvements in demand in some segments of our paper and packaging businesses," said Chairman and CEO John Faraci. "We expanded margins year-over-year and continued to deliver strong cash flow and pay down debt, and I'm confident we're in position to benefit as the economy continues to slowly recover."
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