Unisys (NYSE:UIS) Issues Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Unisys (NYSE:UIS) announced its earnings results on Tuesday. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Briefing.com reports. Unisys had a negative return on equity of 24.50% and a negative net margin of 18.95%. The company had revenue of $497.00 million during the quarter, compared to analyst estimates of $486.50 million. During the same period in the previous year, the company posted ($0.33) earnings per share. Unisys’s revenue for the quarter was up 7.0% on a year-over-year basis. Unisys updated its FY 2024 guidance to EPS.

Unisys Trading Up 33.1 %

Shares of NYSE UIS traded up $1.78 during midday trading on Wednesday, reaching $7.16. The company’s stock had a trading volume of 2,470,417 shares, compared to its average volume of 581,489. The stock has a 50 day simple moving average of $5.76 and a 200-day simple moving average of $5.04. The stock has a market capitalization of $495.68 million, a price-to-earnings ratio of -1.22, a PEG ratio of 1.79 and a beta of 0.78. Unisys has a fifty-two week low of $2.60 and a fifty-two week high of $8.12.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Unisys from a “hold” rating to a “buy” rating in a research report on Friday, October 25th.

Unisys Company Profile

Unisys Corporation, together with its subsidiaries, operates as an information technology solutions company in the United States and internationally. It operates in three segments: Digital Workplace Solutions (DWS); Cloud, Applications & Infrastructure Solutions (CA&I); and Enterprise Computing Solutions.