date:May 03, 2013
ible for xpedx if it remained inside International Paper, but this creates a lot of upside for that.
PROFIT JUMPS, BUT MISSES
The company posted first-quarter net earnings of $318 million, or 71 cents per share, compared with $188 million, or 43 cents per share, in the same quarter last year.
Excluding one-time items, IP earned 65 cents per share. By that measure, analysts expected earnings of 74 cents per share, according to Thomson Reuters I/B/E/S.
Sales rose 7 percent to $7.09 billion. An