Why Unisys Shares Popped

By Evan Niu, CFA – Jul 24, 2013 at 3:49PM

NYSE: UIS

Unisys

Market Cap

$377M

Today's Change

(%)

Current Price

$5.46

Price as of April 26, 2024, 4:00 p.m. ET

Is this meaningful, or just another movement?

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Unisys (UIS) have popped by as much as 13% today after the company reported earnings.

So what: Revenue of $859 million crushed the consensus estimate of $838 million. The bottom line also beat, but by less. Unisys posted non-GAAP earnings per share of $0.91, slightly ahead of the $0.90-per-share forecast.

Now what: CEO Ed Coleman said the company was happy with the sequential improvement. The services business was under pressure amid a tough IT spending environment, but the company's technology business helped make up for it. The strength of ClearPath helped buoy the technology segment's performance.

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Fool contributor Evan Niu, CFA, has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.