International Paper Reveals Rise In Q2 Bottom Line

International Paper (IP) revealed a profit for its second quarter that increased from the same period last year

The company's earnings totaled $511 million, or $1.38 per share. This compares with $432 million, or $1.09 per share, in last year's second quarter.

Excluding items, International Paper reported adjusted earnings of $459 million or $1.24 per share for the period.

The company's revenue for the quarter rose 13.0% to $5.39 billion from $4.77 billion last year.

International Paper earnings at a glance (GAAP) :

-Earnings (Q2): $511 Mln. vs. $432 Mln. last year.
-EPS (Q2): $1.38 vs. $1.09 last year.
-Revenue (Q2): $5.39 Bln vs. $4.77 Bln last year.

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