Friday, July 9, 2004
Unisys Corp. warned Friday that second-quarter earnings and revenue would be lower than expected as a result of service project deferrals and delays, primarily in the United States and Latin America.
The company said it now expects second-quarter revenue of $1.38 billion to $1.39 billion and earnings of 10 cents to 11 cents a share before pension costs.
Unisys previously forecast a quarterly profit of 14 cents to 17 cents a share, excluding pension costs. Including all items, the company forecast a profit of 5 cents to 6 cents a share Friday.
Analysts on average were expecting a profit of 13 cents on revenue of $1.51 billion, according to Reuters Estimates.
By: DocMemory
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