MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — International Paper Co. (IP) on Thursday reported a loss of $147 million in its fourth quarter.

The Memphis, Tennessee-based company said it had a loss of 42 cents per share. Losses, adjusted for non-recurring costs, were 2 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The global paper and packaging company posted revenue of $4.58 billion in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $4.72 billion.

For the year, the company reported profit of $557 million, or $1.57 per share. Revenue was reported as $18.62 billion.

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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