International Paper Earnings: Ignites Past Analyst Estimates

International Paper Co. (NYSE:IP) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.50%.

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International Paper Co. Earnings Cheat Sheet

Results: Net income decreased -8.56% to $235 million (69 cents per diluted share) in the quarter versus a net gain of $257 million in the year-earlier quarter.

Revenue: Rose 11.2% to $7.08 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: International Paper Co. reported adjusted net income of 69 cents per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $6.97 billion.

Quoting Management: “Our success capturing merger benefits from the Temple-Inland acquisition contributed to our fourth quarter results and IP’s record cash generation from operations in 2012,” said John Faraci, Chairman and Chief Executive Officer…

…Given our runway levers and ability to execute, we are positioned to deliver a step-change in earnings as we move through 2013.”

Key Stats:

Revenue increased 0.77% from $7.03 billion in the previous quarter. Net income decreased 0.84% from $237 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.67 to a profit $0.76. For the current year, the average estimate has moved up from a profit of $2.47 to a profit of $2.48 over the last ninety days.

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(Company fundamentals provided by Xignite Financials.)