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Unisys Corp. (UIS) Is Rising Sharply Following Q1 Report

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4/25/2012 10:01 AM ET

Unisys Corp. (UIS: Quote) reported first quarter adjusted EPS of $0.97 after the bell Tuesday, compared to the loss of $0.04 in the previous year. Revenues increased to $928.4 million, from $911.2 million last year.

Unisys gapped open sharply higher Wednesday and has continued to rise on above average volume. The stock is now up 3.53 at $19.93 and has set a 3-week high. Unisys has also re-crossed both its 50 and 200-day moving averages.

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by RTT Staff Writer

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