FX.co ★ Unisys Corp. Q1 Earnings Summary

The following are the quarterly results highlights for Unisys Corp. (UIS):

Unisys reported a net loss of $149.5 million for Q1, marking an improvement from the $175.4 million loss reported in the same quarter last year. The loss per share (EPS) was reported to be $2.18 for Q1, which is also an improvement from the $2.58 per share loss reported in Q1 of the previous year.

However, after making adjustments for specific items, Unisys reported that their adjusted earnings stood at $2.7 million, which translates to $0.04 per share for the period.

Analysts had previously projected a loss per share of $0.05.

In terms of revenue, Unisys generated $487.8 million in the first quarter, as compared to the $516.4 million revenue generated in the same quarter of the previous year.