Unisys Spikes As Q3 Tops Expectations - Eric Savitz (Barron's)

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Unisys Spikes As Q3 Tops Expectations
Oct 28, 2009 05:07 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
UIS	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Unisys (UIS) shares are sharply higher today after the company posted better-than-expected Q3 results.

For the quarter, the IT hardware and services company posted revenue of $1.16 billion and a profit of $1.48 a share; the Street consensus had been $1.11 billion and 45 cents. (Keep in mind that the consensus is based on just two estimates, and also remember that the company just completed a 1-for-10 reverse split.)

Gross margin in the quarter improved to 26.4%, from 22.2%.

Unisys did not give any financial guidance for the fourth quarter.

UIS is up $3.08, or 12.8%, to $27.15.

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