Why Unisys Stock Fell Sharply on Wednesday

Shares of information technology company Unisys (NYSE: UIS) tumbled on Wednesday. As of 1 p.m. EDT, the stock was down 16.5%.

The tech stock's sharp move lower was due to Unisys' worse-than-expected third-quarter results. On Tuesday afternoon, Unisys reported revenue and non-GAAP earnings per share that came in below analysts' average forecasts.

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Source Fool.com