International Paper Reports Q3 Earnings Beat on EPS Amid Revenue Miss
International Paper (NYSE: IP) reported third-quarter non-GAAP earnings per share of $0.37, exceeding analyst expectations by $0.08. Despite the earnings beat, the company's revenue reached $6.2 billion, representing a 0.3% year-over-year decline and falling short of market estimates by approximately $90 million. The company reported adjusted EBITDA from continuing operations of $843 million. A significant contributor to the results was the Packaging Solutions North America business segment, which generated an operating profit of $427 million. The report includes a provided outlook for the fourth quarter as the company navigates shifting market conditions.
Tickers: $IP
Topics: earnings_beat ebitda revenue_miss segment_performance