Unisys Q3 Adj $(0.08) Misses $0.13 Estimate, Sales $497.00M Beat $486.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Unisys reported Q3 losses of $(0.08) per share, missing the $0.13 estimate, but sales of $497M beat the $486.5M estimate.
October 29, 2024 | 8:32 pm
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NEUTRAL IMPACT
Unisys reported a Q3 EPS loss of $(0.08), missing the $0.13 estimate, but sales of $497M exceeded expectations. Despite the earnings miss, sales growth may provide some support to the stock.
Unisys missed EPS estimates significantly, which is typically negative for stock prices. However, the sales beat and year-over-year improvement in both EPS and sales may mitigate some negative impact, leading to potential stock volatility rather than a clear direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100