International Paper (IP) Q4 Earnings Beat Estimates, Sales Lag

International Paper Company (IP) reported fourth-quarter 2023 adjusted earnings of 41 cents per share, surpassing the Zacks Consensus Estimate of 34 cents by a margin of 21%. The bottom line slumped 53% year over year due to a decline in volumes in each of the categories, barring containerboard as well as lower prices in both Industrial Packaging and Global Cellulose Fibers.Including one-time items, the company posted a loss per share of 82 cents from continuing operations in fourth-quarter 2023 against ear ...