Reuters: Mergers News: International Paper profit falls 33 percent

Reuters: Mergers News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

International Paper profit falls 33 percent Apr 27th 2012, 11:02 April 27 | Fri Apr 27, 2012 7:02am EDT April 27 (Reuters) - International Paper Co, which recently acquired rival packaging maker Temple-Inland Inc, posted a 33 percent drop in quarterly profit on Friday. For the first quarter, International Paper posted net income of $188 million, or 43 cents per share, compared with $281 million, or 65 cents per share, in the year-ago quarter. Revenue rose 4.6 percent to $6.7 billion.

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