International Paper: Q4 Earnings Snapshot

MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Tuesday reported a fourth-quarter loss of $318 million, after reporting a profit in the same period a year earlier.

The Memphis, Tennessee-based company said it had a loss of 90 cents per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, came to 87 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.

The global paper and packaging company posted revenue of $5.13 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $5.18 billion.

For the year, the company reported profit of $1.5 billion, or $4.10 per share. Revenue was reported as $21.16 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a IP">Zacks stock report on IP at https://www.zacks.com/ap/IP