Unisys Q3 profits tumble; 1,500 jobs to go New York--Oct. 12--Computer hardware
and services company Unisys Corp. (UIS) said that third-quarter earnings fell
66% and announced that it is cutting 1,500 jobs. The Blue Bell, Pa.-based
company reported earnings of $42.9 million, or 14 cents a share, a decrease from
$138.4 million, or 43 cents, for the third quarter last year. Analysts polled by
First Call/Thomson Financial had expected earnings of 14 cents a share. ( Story
.5973 )
Hasbro warns on Q3 earnings as children spurn Pokemon toys New York--Oct.
12--Hasbro Inc. (HAS), the United States' second-largest toy maker, said it will
cut 500 jobs and report lower-than-expected third-quarter earnings because of
weak demand for Pokemon toys and Star Wars products. The company warned that
earnings would be between 6 cents and 10 cents a share, far below the Wall
Street consensus estimate of 32 cents a share. Shares in Hasbro fell $2.00, or
17.2%, to $9.62 on the New York Stock Exchange. ( Story .5975 ) |
