International Petroleum (TSX:IPCO) reported quarterly earnings of $0.09 per share which missed the analyst consensus estimate of $0.18 by 50 percent. This is a 25 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $185.738 million which missed the analyst consensus estimate of $212.800 million by 12.72 percent. This is a 16.90 percent increase over sales of $158.892 million the same period last year.