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Unisys (UIS) Stock Soaring After Q3 Results

NEW YORK (TheStreet) -- Shares of Unisys (UIS) were surging 19.27% to $10.68 on heavy trading volume late Wednesday morning after the company reported better-than-anticipated results for the 2016 third quarter.

After yesterday's closing bell, the Blue Bell, PA-based IT company posted a loss of 56 cents per diluted share on revenue of $683.3 million.

Analysts surveyed by FactSet had expected a loss of 60 cents per share on revenue of $664.0 million.

Adjusted earnings of 41 cents per share topped...