International Paper Co reported better-than-expected results for the fourth quarter, helped by its acquisition of smaller rival Temple-Inland last year. Net earnings attributable to the company fell to $235 million, or 53 cents per share, in the fourth quarter, from $281 million, or 65 cents per share, a year earlier.Profit, excluding items, was 69 cents per share. Net sales rose 10 percent to $7.08 billion.Analysts on an average were expecting the company to earn 65 cents per share, on revenue of $6.97 billion, according to Thomson Reuters I/B/E/S."Our success capturing merger benefits from the Temple-Inland acquisition contributed to our fourth quarter results and International Paper's record cash generation from operations in 2012," Chief Executive John Faraci said in a statement.
International Paper Company (International Paper) is a global paper and packaging company, with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia and North Africa. Shares of IP remained unchanged at $42.12. In the past year, the shares have traded as low as $27.29 and as high as $42.74. On average, 3385950 shares of IP exchange hands on a given day and today's volume is recorded at 500.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI remained unchanged at $30.66. In the past year, the shares have traded as low as $26.20 and as high as $31.06. On average, 773022 shares of TRI exchange hands on a given day and today's volume is recorded at 0.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.39% or $-0.12/share to $30.84. In the past year, the shares have traded as low as $26.47 and as high as $31.22. On average, 831503 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 0.
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