Nov 09, 2005. /Lesprom Network/. International Paper announced on Tuesday that its third-quarter 2005 earnings are being revised from the earnings press release issued October 25 due to changes in income tax provisions and after-tax amounts, primarily related to the sale of Carter Holt Harvey shares. The revisions resulted in a $20 million decrease in third-quarter net earnings from $1,043 million ($2.07 per share) to $1,023 million ($2.03 per share) and a $23 million decrease in third quarter earnings from continuing operations and before special items from $162 million ($.33 per share) to $139 million ($0.29 per share). The revisions also impacted the classification of earnings from continuing operations and earnings from discontinued operations in periods prior to the 2005 third quarter. There were no changes to the previously announced sales and operating profit by industry segment. The income tax calculations were corrected in connection with the company's routine internal control procedures, and will be detailed in an amended Form 8-K (Form 8-K/A) to be furnished to the Securities and Exchange Commission on Tuesday. Final operating results for all periods will be reflected in the company's Form 10-Q for the third quarter when filed. Headquartered in the United States, International Paper is the world's largest paper and forest products company. Businesses include paper, packaging, and forest products. As one of the largest private forest landowners in the world, the company manages its forests under the principles of the Sustainable Forestry Initiative(R) (SFI) program, a system that ensures the continual planting, growing and harvesting of trees while protecting wildlife, plants, soil, air and water quality.