International Paper shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results. The company announced the decision to review strategic options for its global cellulose fibers business.
Portfolio Pulse from Benzinga Newsdesk
International Paper's shares rose following a Q3 earnings report that exceeded expectations. The company is also reviewing strategic options for its global cellulose fibers business.
October 31, 2024 | 12:10 pm
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POSITIVE IMPACT
International Paper's stock increased due to better-than-expected Q3 earnings and the announcement of a strategic review of its global cellulose fibers business.
The positive earnings surprise is likely to boost investor confidence, leading to a short-term increase in stock price. Additionally, the strategic review of the cellulose fibers business suggests potential future changes that could impact the company's operations and profitability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100