Skip to main content

International Paper Becomes Latest Dow Member to Warn

International Paper

(IP) - Get International Paper Company Report

said today that it will miss Wall Street's fourth-quarter earnings estimates by about 14 cents a share, citing rising energy costs and market-related downtime.

Image placeholder title

The paper products company, which is based in Purchase, N.Y., joins a growing list of Dow components, including


(MSFT) - Get Microsoft Corporation Report



(INTC) - Get Intel Corporation Report



(HON) - Get Honeywell International Inc. Report


SBC Communications

Scroll to Continue

TheStreet Recommends



General Motors

(GM) - Get General Motors Company Report


J.P. Morgan

(JPM) - Get JPMorgan Chase & Co. Report

to offer a bleak forecast.

The company said it expects to earn 30 cents a share for the quarter, well below the 55 cents International Paper earned in the year-ago period. Ten analysts polled by

First Call/Thomson Financial

called for the company to earn 44 cents in the fourth quarter.

"We expected a seasonal slowdown in the quarter, but rising fuel costs and concerns about the economic outlook are impacting our business across the board," the company said in a statement.

Shares of International Paper fell $1.94, or 4.9%, to $37.56 in recent

New York Stock Exchange