Investing.com - International Paper reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
International Paper announced earnings per share of $0.76 on revenue of $5.24B. Analysts polled by Investing.com anticipated EPS of $0.5144 on revenue of $5.02B.
International Paper shares are down 0% from the beginning of the year and are trading at $49.27 , down-from-52-week-high.They are outperforming the S&P 500 which is down 12.22% from the start of the year.
International Paper shares gained 4.03% 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 Vale ADR on Wednesday, who reported EPS of $0.93 on revenue of $10.81B, compared to forecasts EPS of $0.9476 on revenue of $12.09B.
Sherwin-Williams had beat expectations on Tuesday with first quarter EPS of $1.61 on revenue of $5B, compared to forecast for EPS of $1.54 on revenue of $4.91B.
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