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International Paper Q1 Profit Rises

International Paper (IP) announced earnings for its first quarter that rose from last year.

The company's earnings totaled $426 million, or $1.05 per share. This compares with $362 million, or $0.86 per share, in last year's first quarter.

Analysts had expected the company to earn $0.91 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $5.64 billion from $5.62 billion last year.

International Paper earnings at a glance:

-Earnings (Q1): $426 Mln. vs. $362 Mln. last year.
-EPS (Q1): $1.05 vs. $0.86 last year.
-Analysts Estimate: $0.91
-Revenue (Q1): $5.64 Bln vs. $5.62 Bln last year.

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