Investing.com - International Paper reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
International Paper announced earnings per share of $0.75 on revenue of $5.24B. Analysts polled by Investing.com anticipated EPS of $0.8081 on revenue of $5.3B.
International Paper shares are up 2% from the beginning of the year and are trading at $50.62 , down-from-52-week-high.They are broadly in line with the STOXX 600 which is up 2.09% from the start of the year.
International Paper follows other major Basic Materials sector earnings this month
International Paper's report follows an earnings beat by Sherwin-Williams on January 28, who reported EPS of $5.09 on revenue of $4.49B, compared to forecasts EPS of $4.85 on revenue of $4.34B.
Air Products had missed expectations on Thursday with first quarter EPS of $2.12 on revenue of $2.38B, compared to forecast for EPS of $2.18 on revenue of $2.35B.
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