International Paper Posts Lower Q3 Profit - Quick Facts

(RTTNews) - Paper and packaging company International Paper Co. (IP) reported a drop in third-quarter 2014 net earnings attributable to common shareholders to $355 million or $0.83 per share, from $382 million, or $0.85 per share, in the prior-year quarter.

Operating earnings for the quarter were $409 million, or $0.95 per share, down compared with last year's $455 million, or $1.01 per share. On average, 17 analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share for the quarter. Analysts' estimates typically exclude special items.

On the other hand, quarterly net sales of $6.1 billion were higher than last year's $6.0 billion in the third quarter of 2013. Fourteen analysts estimated $6.00 billion in sales for the same period.