Why Unisys Shares Plunged Today

Unisys (NYSE: UIS) stock plunged today, down by 15% as of 12:00 p.m. EDT, after the company reported second-quarter earnings results.

Revenue in the second quarter fell to $666 million, in part due to lower revenue in the company's technology segment, which was largely expected by management. That translated into a net loss of $42 million, or $0.83 per share.

Image source: Unisys.

Source: Fool.com