Unisys Corporation (NYSE:UIS) sank deep in the red in the latest quarter. The company reported 2014 first quarter net loss of $53.5 million or $1.15 per share. That compared with a net loss of $33.9 million or $0.77 per share in the comparable quarter a year earlier. The widened of losses in the latest quarter was primarily due to a significant drop in revenue as the company tried to successfully curb expenses in the quarter. Without one-time impacts, loss in the latest quarter came in at $0.74 per share against a loss of $0.26 per share a year ago. Unisys Corporation (NYSE:UIS) shares after opening at $25.86 moved to $25.97 on last trade day and at the end of the day closed at $25.61. Company price to sales ratio in past twelve months was calculated as 0.34 and price to cash ratio as 1.81.Unisys Corporation (NYSE:UIS) showed a negative weekly performance of -8.31%.
Wipro Limited (NYSE:WIT) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday, Analyst Ratings.Net reports. The firm currently has a $14.50 target price on the stock. Zacks‘s price target suggests a potential upside of 16.00% from the stock’s previous close. Wipro Limited (ADR)(NYSE:WIT) shares fell -4.08% in last trading session and ended the day on $11.99. WIT return on equity ratio is recorded as 29.40% and its return on assets is 19.70%. Wipro Limited (ADR)(NYSE:WIT) yearly performance is 54.91%.
Computer Task Group, Inc. (NASDAQ: CTG), an information technology (IT) solutions and services company, announced its financial results for the 2014 first quarter which ended on March 28, 2014. First quarter results reflected lower revenue in CTG’s healthcare and staffing businesses in North America that was partially offset by higher revenue from European operations and decreased operating expenses. Earnings in the quarter also reflected the absence of tax credits which contributed approximately two cents to net income per diluted share in the 2013 first quarter. Computer Task Group, Inc. (NASDAQ:CTG) shares moved down -1.01% in last trading session and was closed at $16.60, while trading in range of $ 15.50 – 16.84. Computer Task Group, Inc.(NASDAQ:CTG) year to date (YTD) performance is -11.51%.
Xerox Corp. (NYSE:XRX)’s share price shot up 4.1% on Wednesday following a better than expected earnings announcement, Analyst Ratings.Net reports. The stock traded as high as $12.27 and last traded at $12.07, with a volume of 11,858,384 shares changing hands. The stock had previously closed at $11.59.Xerox Corp (NYSE:XRX) weekly performance is 5.75%. On last trading day company shares ended up $11.96. Xerox Corp (NYSE:XRX) distance from 50-day simple moving average (SMA50) is 8.92%. Analysts mean target price for the company is $11.61.