Unisys Corporation (UIS) Releases Earnings Results, Beats Expectations By $0.05 EPS

Unisys Corporation (UIS) reported quarterly earnings results on Thursday, Apr-21-2016. The company said it had a profit of $0.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.06. The company posted revenue of $666.80 million in the period, compared to analysts expectations of $655.37 million. The company’s revenue was down -7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.32 EPS.

Many Wall Street Analysts have commented on Unisys Corporation. Sidoti Initiated Unisys Corporation on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $13.

Unisys Corporation closed down -0.11 points or -1.46% at $7.43 with 4,28,918 shares getting traded on Monday. Post opening the session at $7.44, the shares hit an intraday low of $7.37 and an intraday high of $7.58 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Unisys Corporation is a global Information Technology (IT) company. The Company provides outsourcing and managed services systems integration and consulting services server technology cybersecurity and cloud management software and maintenance and infrastructure support services. The Company operates through two segments: Services and Technology. The Company’s services include outsourcing systems integration and consulting infrastructure services and maintenance. The Company’s Technology segment designs and develops software servers and related products. The Company’s product offerings include enterprise-class servers such as the ClearPath family of servers the Forward! by Unisys line of fabric servers and the ES family of servers; the Unisys Stealth family of cybersecurity software and operating system software and middleware.

Unisys Corporation

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