International Paper Q2 EPS $0.59 Beats $0.38 Estimate, Sales $4.68B Miss $4.90B Estimate
Portfolio Pulse from Bill Haddad
International Paper (NYSE:IP) reported Q2 earnings of $0.59 per share, beating the analyst consensus estimate of $0.38 by 55.26%. However, this is a 52.42% decrease from the same period last year. The company's quarterly sales were $4.68 billion, missing the analyst consensus estimate of $4.90 billion by 4.45%, and marking a 13.12% decrease from the same period last year.
July 27, 2023 | 11:02 am
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International Paper's Q2 earnings beat estimates but were significantly lower than last year. Sales also missed estimates and were down YoY.
International Paper's earnings beat estimates, which is positive. However, the significant YoY decrease in earnings and sales, as well as the missed sales estimates, are negative indicators that could impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100