Unisys’ 3rd-Quarter Net Income Soars

Unisys Corp. said third-quarter earnings nearly tripled as the seller of business computers and related services reduced costs to offset declining sales.

Net income rose to $59 million, or 18 cents a share, from $20.9 million, or 7 cents, in the year-earlier period, the Blue Bell, Pa.-based company said. Sales dropped 3.2% to $1.33 billion. Analysts had forecast earnings of 17 cents on sales of $1.38 billion.

Unisys shares rose 76 cents to $6.76 on the NYSE. After the earnings were announced, company shares rose about 10% in after-hours trading to $7.46.