Investing.com - International Paper reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
International Paper announced earnings per share of $0.78 on revenue of $5.08B. Analysts polled by Investing.com anticipated EPS of $0.9311 on revenue of $5.08B.
International Paper shares are down 3% from the beginning of the year and are trading at $46.00 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 13.16% from the start of the year.
International Paper shares lost 2.77% in pre-market trade the report.
International Paper follows other major Materials sector earnings this month
International Paper's report follows an earnings missed by Sherwin-Williams on Thursday, who reported EPS of $1.34 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had beat expectations on Wednesday with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9519 on revenue of $6.48B.
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