Unisys Corp. (UIS) Posts Q2 EPS of 33c vs. Expected Loss

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Go back to Unisys Corp. (UIS) Posts Q2 EPS of 33c vs. Expected Loss

Unisys Announces Second-Quarter 2015 Financial Results

July 23, 2015 4:30 PM EDT

BLUE BELL, Pa., July 23, 2015 /PRNewswire/ -- Unisys Corporation (NYSE: UIS) today reported a second-quarter 2015 net loss of $58.2 million, or $1.17 per diluted share, which included cost reduction charges of $48.6 million and $25.9 million of pension expense. In the second quarter of 2014, the company reported a net loss of $12.1 million, or $0.24 per diluted share, which included $17.9 million of pension expense. Excluding cost reduction charges and pension expense in both periods, the non-GAAP diluted earnings per share in the second quarter of 2015 increased to $0.33 from $0.11 in the second quarter of 2014.

Second-quarter 2015 revenue declined 5... More