FX.co ★ International Paper Q1 Profit Decreases, misses estimates

International Paper (IP) recently announced its earnings for the first quarter, which saw a decrease compared to the same period in the previous year, and also fell short of market predictions.

In terms of the company's net revenue, it totalled $56 million, equating to $0.16 per share. This is a contrast to the $172 million, or $0.49 per share, seen in the first quarter of last year.

If we discount certain factors, International Paper reported adjusted earnings of $61 million, or $0.17 per share, for this period.

On average, analysts were expecting the company to announce earnings of $0.22 per share, according to statistics gathered by Thomson Reuters. It is standard practice for analysts' predictions to disregard certain extraordinary items.

Meanwhile, the company's revenue for the quarter faced a 8.0% dip, falling to $4.62 billion from $5.02 billion the previous year.

Here's a glance at International Paper's earnings, according to the Generally Accepted Accounting Principles (GAAP):

- Earnings for Q1: $56 Million, a decrease from last year's $172 Million.

- Earnings Per Share for Q1: $0.16, a decrease from $0.49 in the previous year.

- Revenue for Q1: $4.62 Billion, a downturn from $5.02 Billion in the previous year.