International Paper Q3 2024 Adj. EPS $0.44 Beats $0.26 Estimate, Sales $4.686B Miss $4.698B Estimate
Portfolio Pulse from Benzinga Newsdesk
International Paper reported Q3 2024 earnings per share of $0.44, surpassing the analyst estimate of $0.26, but sales of $4.686 billion slightly missed the $4.698 billion estimate. EPS decreased by 31.25% from last year, while sales increased by 1.58%.
October 31, 2024 | 11:32 am
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International Paper's Q3 2024 EPS of $0.44 beat expectations, but sales of $4.686B slightly missed estimates. EPS decreased 31.25% YoY, while sales increased 1.58%.
The significant beat on EPS suggests strong operational performance, which is positive for the stock. However, the slight miss on sales and the YoY decrease in EPS may temper enthusiasm. Overall, the positive EPS surprise is likely to have a more substantial impact, leading to a short-term positive movement in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100