International Paper Company shares are trading lower after the company reported worse-than-expected Q1 adjusted EPS results. Also, the company announced that its incurred a $52 million impairment charge in Q1 due to January freeze and the Ixtac, Mexico fire
Portfolio Pulse from Benzinga Newsdesk
International Paper Company's shares dropped following a report of lower-than-expected Q1 adjusted EPS results. The company also faced a $52 million impairment charge in Q1 due to a January freeze and a fire in Ixtac, Mexico.
April 25, 2024 | 12:38 pm
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International Paper Company reported lower-than-expected Q1 adjusted EPS and incurred a significant impairment charge due to operational disruptions.
The lower-than-expected Q1 adjusted EPS results indicate underperformance relative to market expectations, which typically leads to a negative investor reaction and a decrease in stock price. Additionally, the $52 million impairment charge signifies substantial unexpected expenses, further impacting the company's financial health and investor sentiment negatively.
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IMPORTANCE 90
RELEVANCE 100