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International Paper down after missing Q3 revenue estimates

By Reuters News

** Shares of packaging company International Paper IP.N down ~5% at $31.66 premarket

** Co misses Q3 revenue expectations, hurt by soft demand

** Posts quarterly net sales of $6.20 billion, missing analysts' estimates of $6.27 billion- data compiled by LSEG

** Reports Q3 adjusted EPS of 37 cents, compared with expectations of 29 cents, helped by pricing actions and lower operating costs

** Co says it is making progress in its January plans to separate its Europe, Middle East and Africa Packaging Business into an independent company

** Up to last close, IP down about 15% YTD

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