International Paper Reports 7% Fall In Q3 Bottom Line

(RTTNews) - International Paper (IP) reported earnings for third quarter that lost ground from last year.

The company said its bottom line totaled $380 million, or $0.91 per share. This was lower than $407 million, or $0.97 per share, in last year's third quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.4% to $5.27 billion. This was down from $5.69 billion last year.

International Paper earnings at a glance:

-Earnings (Q3): $380 Mln. vs. $407 Mln. last year. -Earnings Decline (Y-o-Y): -6.6% -EPS (Q3): $0.91 vs. $0.97 last year. -EPS Decline (Y-o-Y): -6.2% -Analysts Estimate: $0.93 -Revenue (Q3): $5.27 Bln vs. $5.69 Bln last year. -Revenue Change (Y-o-Y): -7.4%