MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Wednesday reported third-quarter net income of $864 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of $2.20. Earnings, adjusted for non-recurring gains, were $1.35 per share.

The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.46 per share.

The global paper and packaging company posted revenue of $5.71 billion in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $5.84 billion.

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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