International Paper (IP) Tops Q2 EPS by 10c, Revenues In-Line

International Paper (NYSE: IP) reported Q2 EPS of $1.19, $0.10 better than the analyst estimate of $1.09. Revenue for the quarter came in at $5.8 billion versus the consensus estimate of $5.8 billion.

"International Paper delivered a very strong second quarter and year-over-year earnings growth," said Mark Sutton, Chairman and Chief Executive Officer. "We had outstanding commercial performance, with sequential volume growth and price realization across our three businesses. Operationally, our global team members performed well in a heavy maintenance outage quarter and continue to work aggressively to offset higher distribution and continuing input cost pressure. We see healthy demand across our global operations and are confident in our commitment to deliver a second consecutive year of strong earnings growth."

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

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