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Short Take: Unisys reports Q4 results

Unisys reported that net income for the fourth quarter of 1996 was $43.6 million, 8 cents per share, compared to a net loss of $676.8 million, or $4.12 per share, a year earlier. In the quarter, the company recorded a charge of $12.1 million for early retirement of debt. In the year-ago period, the company reported special charges of $670.5 million related to restructuring, as well as a loss of $9.8 million from discontinued operations.

Unisys reported that net income for the fourth quarter of 1996 was $43.6 million, 8 cents per share, compared to a net loss of $676.8 million, or $4.12 per share, a year earlier. In the quarter, the company recorded a charge of $12.1 million for early retirement of debt. In the year-ago period, the company reported special charges of $670.5 million related to restructuring, as well as a loss of $9.8 million from discontinued operations.