Investing.com - International Paper reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
International Paper announced earnings per share of $1.01 on revenue of $5.40. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $5.36B.
International Paper shares are down 4% from the beginning of the year and are trading at $33.22 , down-from-52-week-high.
International Paper follows other major Materials sector earnings this month
International Paper's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar