International Paper Sales Beat Despite Falling Shipments to Brazil

International Paper may have seen shipments to several overseas markets decline slightly in its latest quarter, but the company still managed to beat forecasts.
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International Paper may have seen shipments to several overseas markets decline slightly in its latest quarter, but the company still managed to beat forecasts. Its quarterly profit came in at 95 cents a share. That's a little better than expected. Sales came in at a little over $6 billion, also better than expected. The Memphis-based paper maker wanted to expand to countries in other continents because the entire paper industry in North America has been facing pressure. However, shipping volume to Europe, Asia and Latin America all took a hit recently, including some key target countries like Brazil, China and Russia. Overall printing paper volume was also down.