- American City Business Journals•11 hours ago
A pension buyout of more than $270 million had a large impact on second quarter net earnings for Memphis-based International Paper Co. (IP), but the company reported strong results overall. International Paper reported second quarter earnings of $40 million, or 10 cents per share, compared to net earnings of $227 million, or 54 cents per share, in the second quarter of 2015. The company also saw slight declines in sales, reporting second quarter sales of $5.3 billion, compared to $5.7 billion in the second quarter of 2015.
International Paper CompanyNYSE
After hours: 45.81-0.00 (-0.00%) as of 4:34 PM EDT
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