Market News

Unisys Shares (NYSE: UIS) Almost Cut in Half Following Weak Third Quarter

Shares of Unisys (NYSE: UIS) plunged 48% in today’s session following its earnings report for its third quarter of Fiscal Year 2022.

Adjusted earnings per share came in at $0.05, which beat analysts’ consensus estimate of -$0.13 per share. However, GAAP EPS came in at -$0.59, a slight miss.

In addition, sales decreased 5.5% year-over-year, with revenue hitting $461.2 million. This missed analysts’ target by almost $14 million.

Disclosure

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More