Unisys Corp. (UIS) reported a net loss for the first quarter of $33.9 million or $0.77 per share, compared to net income of $13.4 million or $0.30 per share for the year-ago quarter. Th latest quarter results included $22.3 million of pension expense and a $6.5 million loss associated with a Venezuelan currency devaluation.
Excluding debt reduction charges and pension expense, adjusted loss for the current quarter were $0.26 per share.
Meanwhile, revenue for the third quarter fell1 13% to $810.4 million from $928 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.59 per share on revenue of $852.25 million for the first quarter. Analysts' estimates typically exclude special items.
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