International Paper Co (NYSE:IP) on Thursday reported mixed results for the first quarter.
The company posted quarterly earnings of 15 cents per share which beat the analyst consensus estimate of 14 cents per share. The company reported quarterly sales of $5.970 billion which missed the analyst consensus estimate of $6.014 billion.
“This quarter, we delivered meaningful progress across the business. In North America, our commercial actions are gaining traction and helping us outgrow the market, while we advance cost-out efforts and make solid gains in mill and box plant productivity. In EMEA, we’re accelerating commercial and cost initiatives while a small core team is focusing on the planned separation,” said …