Investing.com - International Paper reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
International Paper announced earnings per share of $1.35 on revenue of $5.71B. Analysts polled by Investing.com anticipated EPS of $1.41 on revenue of $5.84B.
International Paper shares are up 5% from the beginning of the year and are trading at $53.04 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 20.73% from the start of the year.
International Paper follows other major Basic Materials sector earnings this month
International Paper's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.13 on revenue of $5.09B.
Freeport-McMoran had beat expectations on Thursday, October 21, 2021 with third quarter EPS of $0.89 on revenue of $6.08B, compared to forecast for EPS of $0.8088 on revenue of $6.18B.
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