Unisys Q2 Profit Declines

(RTTNews) - Unisys Corp. (UIS) reported a net income attributable to common shareholders for the second quarter of $20.4 million or $0.46 per share, compared $46.6 million or $0.99 per share for the year-ago quarter.

Excluding pension expense in both periods and the debt reduction charge in the year-ago period, non-GAAP diluted earnings per share in the second quarter of 2013 were $0.91 per share, compared with $1.41 in the second quarter of 2012.

Meanwhile, revenue for the second quarter fell1 to $858.6 million from $921.3 million in the comparable quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.44 per share on revenue of $838.27 million for the second quarter. Analysts' estimates typically exclude special items.