International Paper Q2 Adj $0.61 Beats $0.41 Estimate, Sales $4.73B Miss $4.78B Estimate
Portfolio Pulse from Benzinga Newsdesk
International Paper (NYSE:IP) reported Q2 earnings of $0.61 per share, beating the analyst estimate of $0.41. However, sales of $4.73 billion missed the $4.78 billion estimate.
July 24, 2024 | 11:04 am
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International Paper reported Q2 earnings of $0.61 per share, surpassing the analyst estimate of $0.41. However, sales of $4.73 billion fell short of the $4.78 billion estimate.
The significant beat on earnings per share (EPS) is likely to have a positive impact on the stock price in the short term, despite the slight miss on sales. Investors often prioritize earnings performance, and a 48.78% beat over estimates is substantial.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100