International Paper (IP) Misses Q1 EPS by 6c

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International Paper Reports 2015 First-Quarter Earnings

April 29, 2015 7:00 AM EDT

MEMPHIS, Tenn., April 29, 2015 /PRNewswire/ -- International Paper (NYSE: IP) today reported first quarter 2015 net earnings attributable to common shareholders of $313 million ($0.74 per share) compared with net earnings of $134 million ($0.32 per share) in the fourth quarter of 2014 and a net loss of $95 million ($0.21 per share) in the first quarter of 2014. First quarter 2015 earnings included a $0.04 per share non-cash foreign exchange charge for the Ilim JV, as described below, compared with a $0.40 per share charge in the fourth quarter of 2014. First quarter 2014 earnings included a pre-tax charge of $495 million associated with the... More