Categories Earnings, LATEST, Other Industries

International Paper Company (NYSE: IP): Q3 2019 Earnings Snapshot

— International Paper Company (NYSE: IP) reported adjusted earnings of $1.09 per share for the third quarter of 2019, vs. $0.99 per share expected.

— Net earnings attributable to the company was $344 million or $0.87 per share, compared to $562 million or $1.37 per share a year earlier

— Net sales declined to $5.57 billion from $5.90 billion in the third quarter of 2018, vs. 5.6 billion expected

— Repurchased of $74 million of common shares, bringing the trailing 12 month total to $685 million

— Corporate expenses were $21 million in the third quarter, compared to $20 million last year

— IP stock gained 1% early Thursday following the announcement, after closing the previous session lower

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