International Paper (NYSE: IP) reported quarterly earnings of $0.04 per share which beat the analyst consensus estimate of $(0.01) by 500 percent. This is a 80 percent decrease over earnings of $0.20 per share from the same period last year. The company reported quarterly sales of $6.004 billion which missed the analyst consensus estimate of $6.177 billion by 2.80 percent. This is a 11.28 percent decrease over sales of $6.767 billion the same period last year.