Unisys Announces First-Quarter Results; Completes U.S. Federal Sale; Strong Balance Sheet and Liquidity Position

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Go back to Unisys Announces First-Quarter Results; Completes U.S. Federal Sale; Strong Balance Sheet and Liquidity Position

Unisys Corp. (UIS) Misses Q1 GAAP EPS by 10c, Revenues Miss; Withdraws FY20 Guidance

April 28, 2020 4:03 PM EDT

Unisys Corp. (NYSE: UIS) reported Q1 GAAP EPS of ($0.85), $0.10 worse than the analyst estimate of ($0.75). Revenue for the quarter came in at $515.4 million versus the consensus estimate of $575.7 million.

Closed sale of U.S. Federal business on March 13, 2020; $1.2 billion of proceedsNet... More