International Paper Company (IP Quick QuoteIP - Free Report) a premier paper and packaging company, reported third-quarter fiscal 2018 results, wherein adjusted earnings of $1.56 surpassed the Zacks Consensus Estimate of $1.47.

 

Revenue: International Paper reported revenues of $5,901 million in the fiscal third quarter, ahead of the Zacks Consensus Estimate of $5,898 million.

 

Earnings Estimates Revision: The earnings estimate revisions for International Paper has gone down 5% 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 6.34%.

 

 

Zacks Rank: Currently, International Paper has a Zacks Rank #4 (Sell). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

Market Reaction: International Paper’s shares gained 1.28% in pre-market trading 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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