International Paper stock pops as price increases outpace inflation (NYSE:IP)

tifonimages/iStock via Getty Images International Paper (NYSE:IP) shares surged nearly 7% in pre-market on Thursday after printing promising results. The world’s largest paper and pulp company reported Non-GAAP EPS $0.20 above expectations set at $0.56 and revenue of $5.24 billion that bested expectations by $280 million. The latter figure represented a 14% rise from the year prior and came in above the company’s prior outlook as it was able to navigate inflationary headwinds successfully. “Commercially and operationally we performed well in the quarter to overcome significantly higher input costs,’ CEO Mark Sutton said.