Unisys (NYSE:UIS) 4Q16 Profit Down 62%; Beats Street View

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Unisys (NYSE:UIS) 4Q16 Profit Down 62%; Beats Street View

Unisys (NYSE:UIS)

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reported third quarter earnings , after market close today, that beat street view.
On a GAAP basis, UIS reported net loss of $ 1.2 million or 2 cents per share, compared with income of $ 1.10 million or 2 cents per share, a year ago period.

Excluding items, the company announced Non-GAAP net income of $ 43.20 million or $ 0.60 per share, where as analysts from Thomson Reuters expected $ 0.03 a share.

The company Revenue decreased 8.63% to $ 721.70 million, Analysts from Thomson Reuters estimated $ 725.58 million.

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