Market Overview

International Paper: Q2 Earnings Insights

Share:

Shares of International Paper (NYSE: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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Posted-In: Earnings News