Unisys Q2 Adj $(0.09) Beats $(0.40) Estimate, Sales $476.80M Beat $463.17M Estimate
Portfolio Pulse from totan@benzinga.com
Unisys (NYSE:UIS) reported Q2 earnings of $0.09 per share, beating the analyst consensus estimate of $(0.40) by 122.5%. However, this is a 62.5% decrease from the same period last year. The company also reported quarterly sales of $476.80 million, beating the analyst consensus estimate of $463.17 million by 2.94%, but this is a 7.42% decrease from the same period last year.
August 04, 2023 | 10:30 am
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NEUTRAL IMPACT
Unisys reported better than expected Q2 earnings and sales, but both are down compared to the same period last year.
While Unisys beat Q2 earnings and sales estimates, the decrease compared to the same period last year might offset the positive impact of beating estimates. Therefore, the short term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100