Recap: Seagate Technology Q4 Earnings

Shares of Seagate Technology (NASDAQ:STX) decreased 6.55% in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share increased 39.53% year over year to $1.20, which missed the estimate of $1.29.

Revenue of $2,517,000,000 up by 6.16% from the same period last year, which missed the estimate of $2,610,000,000.

Outlook

Seagate Technology hasn't issued any earnings guidance for the time being.

Seagate Technology hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 28, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.seagate.com%2Foverview%2Fdefault.aspx&eventid=2399477&sessionid=1&key=46706C2D0C2F9FB85D883DB42CD50A12&regTag=&sourcepage=register

Technicals

52-week high: $64.17

Company's 52-week low was at $39.02

Price action over last quarter: down 8.12%

Company Profile

Seagate Technology is a major supplier of hard disk drives. The company designs, develops, and manufactures a broad range of HDDs used in PCs, game consoles, and data centers for the likes of enterprises and cloud vendors.