International Paper (IP) Q2 Earnings and Revenues Miss Estimates

International Paper (IP) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of$ 0.38 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -47.37%. A quarter ago, it was expected that this global paper and packaging company would post earnings of$ 0.35 per share when it actually produced earnings of $0.23, delivering a surprise of -34.29%.Over the la ...