MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — International Paper Co. (IP) on Thursday reported a loss of $2.38 billion…MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — International Paper Co. (IP) on Thursday reported a loss of $2.38 billion in its fourth quarter. On a per-share basis, the Memphis, Tennessee-based company said it had a loss of $4.52. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. The global paper and packaging company posted revenue of $6.01 billion in the period, which topped Street forecasts. For the year, the company reported a loss of $3.52 billion, or $6.95 per share.