** charts after earnings **
** 1 month later **
MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Thursday reported third-quarter profit of $562 million.
On a per-share basis, the Memphis, Tennessee-based company said it had net income of $1.37. Earnings, adjusted for non-recurring costs, came to $1.56 per share.
The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The global paper and packaging company posted revenue of $5.9 billion in the period, matching Street forecasts.
International Paper shares have decreased 31 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped roughly 1 percent. The stock has dropped 32 percent in the last 12 months.
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