07:37 AM EDT, 07/24/2024 (MT Newswires) -- International Paper ( IP ) reported Q2 adjusted operating earnings Wednesday of $0.55 per diluted share, down from $0.59 a year earlier.

Analysts polled by Capital IQ expected $0.42.

Net sales for the quarter ended June 30 were $4.73 billion, compared with $4.68 billion a year earlier.

Analysts surveyed Capital IQ expected $4.76 billion.

International Paper ( IP ) shares were down nearly 2.8% in recent Wednesday premarket activity.

Price: 44.65, Change: -1.27, Percent Change: -2.77