International Paper Reports First Quarter 2020 Results
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International Paper Company (IP) Tops Q1 EPS by 15c, Revenues Beat
April 30, 2020 7:10 AM EDTInternational Paper Company (NYSE: IP) reported Q1 EPS of $0.57, $0.15 better than the analyst estimate of $0.42. Revenue for the quarter came in at $5.32 billion versus the consensus estimate of $5.28 billion.
FIRST QUARTER 2020 HIGHLIGHTS
First quarter net earnings (loss) attributable to International Paper of $(141) million ($(0.36) per diluted share), compared with $165 million ($0.42 per diluted share) in the fourth quarter of 2019 and $424 million ($1.05 per diluted share) in the first quarter of 2019. First quarter 2020 net earnings included an after-tax charge of... More