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International Paper Misses Overall
by Zacks Equity ResearchOctober 25, 2012 | Comments : 0 Recommended this article: (0)
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International Paper Co. (IP - Analyst Report) reported third-quarter 2012 adjusted earnings of 75 cents per share, down 7% from the prior-year quarter earnings of 81 cents per share. The result also fell short of the Zacks Consensus Estimate of 77 cents.
After including special items, earnings in the quarter stood at 51 cents a share compared with $1.08 per share in the prior-year quarter. Net sales rose 6% year over year to $7.03 billion, but missed the Zacks Consensus Estimate of $7.1 billion.
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