Ip's Profit Grew in 3q Despite Decline in Sales -- Easily Tops Forecasts
The Commercial Appeal (2007-Current) › October 28, 2011
Linked as:
Summary
Despite a "tough" economic environment, International Paper beat Wall Street's earning expectations even though revenues fell.
The Memphis paper and packaging company on Thursday reported profits of $518 million, or $1.19 per share, in its third quarter, well above the 80-cents-per-share estimate from market analysts.See the full content of this document
Extract
Ip's Profit Grew in 3q Despite Decline in Sales -- Easily Tops Forecasts
IP's stock rose nearly 10 percent after the news to around $29 per share wh...
See the full content of this document
Sponsored links
