International Paper Q3: Revenue Miss Estimates On Weak Sales Prices, Plans To Reduce Fixed Costs In Mill System
Portfolio Pulse from Lekha Gupta
International Paper Company (NYSE:IP) reported Q3 FY23 sales of $4.61 billion, missing the consensus of $4.81 billion. Adjusted EPS of $0.64 beat the analyst consensus of $0.58. The company's Industrial Packaging and Global Cellulose Fibres net sales declined. The company plans to reduce fixed costs in its mill system to improve results. IP shares are trading lower by 0.66% at $33.34.
October 26, 2023 | 3:51 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
International Paper's Q3 sales missed estimates, but adjusted EPS beat expectations. The company plans to reduce costs, which could improve future performance.
International Paper's lower than expected sales could negatively impact investor sentiment, leading to a decrease in the stock price. However, the company's plans to reduce costs could improve future performance, potentially offsetting some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100