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International Paper Co

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  • International Paper Earnings Climb, Shares Fall Thursday, 2 Aug 2007 | 2:05 PM ET

    International Paper said on Thursday its second-quarter profit rose on improved pricing and stable volumes, but earnings fell short of market expectations and pulled the company's shares down 2.7%.

  • The largest U.S. paper and forest products company reported net income of $434 million, or 97 cents a share, compared with a year-earlier loss of $1.24 billion, or $2.54 a share.

  • Stocks closed mixed as the Dow Jones Industrials had their worst quarterly performance in almost two years. "What you've seen this quarter is a lot of negative shocks to the system in the market, yet the markets really don't want to go down," said Erik Ristuben of Russell Investment Group.