International Paper Company (IP) reported third-quarter 2024 adjusted earnings of 44 cents per share, which surpassed the Zacks Consensus Estimate of 24 cents by 83%. IP’s bottom line, however, plunged 31%, reflecting lower year-over-year volumes in the Industrial Packaging and Global Cellulose Fibers segments, somewhat offset by elevated prices. The decline in volume was per the company’s expectations, owing to seasonality and commercial contract restructuring. Earnings were also impacted by higher operati ...