Shares of International Paper IP rose 2.5% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share decreased 33.04% over the past year to $0.77, which beat the estimate of $0.38.
Revenue of $4,866,000,000 decreased by 14.13% year over year, which missed the estimate of $4,970,000,000.
Looking Ahead
International Paper hasn't issued any earnings guidance for the time being.
International Paper hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jul 30, 2020
Time: 10:00 AM
ET Webcast URL: http://www.internationalpaper.com/performance/presentations-events/audio-archives
Price Action
Company's 52-week high was at $47.64
Company's 52-week low was at $26.38
Price action over last quarter: Up 8.38%
Company Overview
International Paper manufactures packaging products and printing papers. It accounts for roughly one third of the North American corrugated packaging market and about 25% of the uncoated free sheet paper market. Though it has operations in Brazil, Russia, India, and China, more than three fourths of its sales come from North America.
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