Unisys Q3 Adj EPS $(0.33) Beats $(0.57) Estimate, Sales $464.60M Beat $439.67M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unisys (NYSE:UIS) reported Q3 adjusted EPS of $(0.33), beating the estimate of $(0.57) by 42.11%. This is a 760% decrease from last year's earnings of $0.05 per share. The company's quarterly sales were $464.60 million, surpassing the estimate of $439.67 million by 5.67%, and marking a 0.74% increase from last year's sales of $461.20 million.
November 06, 2023 | 9:57 pm
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Unisys reported better than expected Q3 results, with both earnings and sales beating estimates. However, earnings decreased significantly compared to the same period last year.
While Unisys beat estimates for both earnings and sales, the significant decrease in earnings compared to the same period last year could potentially offset the positive impact of beating estimates. Therefore, the short-term impact on the stock price is uncertain.
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