Unisys’ 3rd-Quarter Net Income Soars
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Unisys Corp. said third-quarter earnings nearly tripled as the seller of business computers and related services reduced costs to offset declining sales.
Net income rose to $59 million, or 18 cents a share, from $20.9 million, or 7 cents, in the year-earlier period, the Blue Bell, Pa.-based company said. Sales dropped 3.2% to $1.33 billion. Analysts had forecast earnings of 17 cents on sales of $1.38 billion.
Unisys shares rose 76 cents to $6.76 on the NYSE. After the earnings were announced, company shares rose about 10% in after-hours trading to $7.46.
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