International Paper Company (
IP - Free Report) a premier paper and packaging company, reported second-quarter fiscal 2018 results, wherein adjusted earnings of $1.19 surpassed the Zacks Consensus Estimate of $1.09.
Revenue: International Paper reported revenues of $5,833 million in the fiscal second quarter, ahead of the Zacks Consensus Estimate of $5,716 million.
Earnings Estimates Revision: The earnings estimate revisions for International Paper has gone down 4% over the last 30 days. In the trailing four quarters, excluding quarter under review, the company’s earnings have surpassed the Zacks Consensus Estimate by an average of 4.44%.
International Paper Company Price and EPS Surprise
Market Reaction: International Paper’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.
Check back later for our full write up on this International Paper earnings report later!
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
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This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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