International Paper Q4 Adj EPS $0.41 Beats $0.34 Estimate, Sales $4.60B Miss $4.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
International Paper (NYSE:IP) reported Q4 adjusted EPS of $0.41, surpassing the $0.34 estimate, but its sales of $4.60B fell short of the $4.67B estimate. This represents a 52.87% decrease in earnings and a 10.36% decrease in sales from the same period last year.
February 01, 2024 | 11:48 am
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International Paper reported a mixed Q4 with earnings beating estimates but sales missing expectations, indicating a significant year-over-year decline.
The mixed results with a beat on earnings but a miss on sales could lead to neutral short-term stock price movement. The significant year-over-year decline in both earnings and sales might concern investors, but the earnings beat could offset some negative sentiment.
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