Unisys (NYSE:UIS) Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Unisys (NYSE:UIS - Get Free Report) posted its quarterly earnings data on Tuesday. The information technology services provider reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.21), 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 for the quarter, compared to analysts' expectations of $486.50 million. During the same period in the previous year, the business posted ($0.33) EPS. The business's revenue for the quarter was up 7.0% on a year-over-year basis. Unisys updated its FY 2024 guidance to EPS.

Unisys Stock Up 33.6 %

UIS traded up $1.81 on Wednesday, reaching $7.19. The company's stock had a trading volume of 3,171,691 shares, compared to its average volume of 584,828. The company has a market capitalization of $497.76 million, a price-to-earnings ratio of -1.21, a P/E/G 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. The stock has a 50 day moving average of $5.79 and a two-hundred day moving average of $5.06.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Unisys from a "hold" rating to a "buy" rating in a report on Friday, October 25th.

About Unisys

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.