Alexa
  • Directory of Taiwan

International Paper's 3Q profit slips

International Paper's 3Q profit slips

International Paper, the world's top wood products company, says its third-quarter profit fell as sales of cardboard box materials lagged year-earlier levels.
Third-quarter profit rose to $371 million, or 87 cents per share, on sales of $5.92 billion compared with last year's 35 cents per share on sales $6.81 billion.
But excluding one-time items, IP earned 37 cents per share, 13 cents better than Wall Street expected.
Last year's third-quarter earnings, adjusted for one-time items, were 84 cents per share.


Updated : 2021-06-12 22:34 GMT+08:00