Ip Profits Drop to $217 Million -- But Adjusted Results Meet Wall Street's Expectations
The Commercial Appeal (2007-Current) › November 05, 2007
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Summary
International Paper Co. reported a drop in third-quarter profit Friday, but the paper and packaging company's adjusted results met Wall Street expectations. Improved pricing helped offset raw material costs.
Profit declined to $217 million, or 51 cents per share, from $224 million, or 46 cents per share, a year ago. Earnings per share rose because the company had fewer shares outstanding in the most-recent quarter.See the full content of this document
Extract
Ip Profits Drop to $217 Million -- But Adjusted Results Meet Wall Street's Expectations
Per-share earnings from continuing operations and before one- time items rose to 57 cents per share from 45 cent...
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