International Paper Q3 Profit Rises - Quick Facts

(RTTNews) - International Paper (IP) reported third-quarter net earnings attributable to shareholders of $382 million or $0.85 per share, compared to $237 million or $0.54 per share, last year. Earnings per share from continuing operations was $0.87, compared to $0.51, prior year. Operating earnings was $471 million or $1.05 per share, for the quarter.

On average, 17 analysts polled by Thomson Reuters expected the company to report profit per share of $0.93 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $7.41 billion, from $7.03 billion, last year. Analysts expected revenue of $7.48 billion for the quarter.