It looks like investors expected much more from Unisys Corporation (NYSE:UIS). As they didn’t GET what they anticipated, on Tuesday morning, the UIS stock dropped down by 18%.
What didn’t Wall Street like about Unisys Corpration Q3 results? Let’s take a closer look at the report. According to the Q3 financial info, the company’s revenue went down from 1.006 million dollars in 2009 to 960 million dollars in 2010. In the same period, earnings per share dropped down by almost 60%, from $1.51 to $0.66 which isn’t a very positive sign of UIS performance.[BANNER]
Meanwhile, Unisys is still able to cover its expenses. The current assets have increased, and liabilities went down: current assets grew from $1.493 million to $1.029 million, and liabilities dropped by 4% going from 1.305 million dollars to 1.257 million dollars.
All in all, the quarterly report didn’t satisfy investors, making the stock price drop down by 18%. Thus the shares settled at $24.26 with the huge trading volume of almost 7 million. Unisys Corporation and its investors might be very anxiuos and wait for its Q4 results with concern. How many investors will be lost again?
