International Paper Q1 Adj $0.17 Misses $0.22 Estimate, Sales $4.62B Beat $4.56B Estimate
Portfolio Pulse from Benzinga Newsdesk
International Paper (NYSE:IP) reported Q1 earnings of $0.17 per share, missing the $0.22 estimate, and sales of $4.62B, beating the $4.56B estimate. Earnings per share decreased by 67.92% and sales by 7.99% compared to the same period last year.
April 25, 2024 | 10:46 am
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International Paper reported lower than expected Q1 earnings at $0.17 per share, missing estimates by 22.73%, but exceeded sales forecasts with $4.62B.
The miss in earnings per share (EPS) expectations by 22.73% and the significant decrease in EPS compared to the previous year by 67.92% are likely to negatively impact investor sentiment towards IP in the short term. However, the beat on sales estimates might provide some buffer to the negative impact, but the overall decrease in sales compared to last year still presents a concern.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100