Investing.com - International Paper reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
International Paper announced earnings per share of $0.71 on revenue of $5.12B. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $5.07B.
International Paper shares are down 6% from the beginning of the year and are trading at $43.55 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.25% from the start of the year.
International Paper shares gained 1.28% in pre-market trade the report.
International Paper follows other major Basic Materials sector earnings this month
International Paper's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $8.29 on revenue of $5.12B, compared to forecasts EPS of $7.78 on revenue of $5.07B.
DuPont had beat expectations on Thursday with third quarter EPS of $0.88 on revenue of $5.10B, compared to forecast for EPS of $0.75 on revenue of $5B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar