MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Thursday reported second-quarter earnings of $432 million.

The Memphis, Tennessee-based company said it had profit of $1.09 per share. Earnings, adjusted for non-recurring gains, were $1.06 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.05 per share.

The global paper and packaging company posted revenue of $5.62 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $5.6 billion.

International Paper shares have risen 18% since the beginning of the year, while the S&P's 500 index has climbed 17%. The stock has climbed 62% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IP at https://www.zacks.com/ap/IP

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