Investing.com - International Paper reported on Thursday second quarter earnings that matched analysts' forecasts and revenue that topped expectations.
International Paper announced earnings per share of $1.06 on revenue of $5.62B. Analysts polled by Investing.com anticipated EPS of $1.06 on revenue of $5.61B.
International Paper shares are up 10% from the beginning of the year and are trading at $58.50 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 16.53% from the start of the year.
International Paper follows other major Materials sector earnings this month
International Paper's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.65 on revenue of $5.38B, compared to forecasts EPS of $2.67 on revenue of $5.38B.
Ecolab had beat expectations on Tuesday with second quarter EPS of $1.22 on revenue of $3.16B, compared to forecast for EPS of $1.21 on revenue of $3.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar