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FINWIRES

International Paper Shares Fall After Q1 Adjusted Operating Earnings Decline

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International Paper (IP) shares were down over 8% in Thursday trading after the company reported Q1 adjusted operating earnings of $0.15 per diluted share, compared with $0.17 a year earlier.

Analysts surveyed by FactSet expected $0.14.

Revenue for the quarter ended March 31 was $5.97 billion, compared with $5.26 billion a year earlier.

Analysts surveyed by FactSet expected $6.02 billion.

Price: $31.41, Change: $-2.15, Percent Change: -6.39%

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