Shares of Seagate Technology STX moved lower by 5.43% in after-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share fell 9.71% year over year to $0.93, which beat the estimate of $0.88.
Revenue of $2,314,000,000 decreased by 10.24% from the same period last year, which missed the estimate of $2,340,000,000.
Guidance
Seagate Technology Sees Q2 Adj. EPS $0.95-$1.25 vs $1.08 Est., Sales $2.35B-$2.75B vs $2.48B Est.
How To Listen To The Conference Call
Date: Oct 22, 2020
Time: 04:30 PM
Price Action
Company's 52-week high was at $64.17
52-week low: $39.02
Price action over last quarter: Up 16.88%
Company Description
Seagate Technology PLC is a major supplier of hard disk drives. The company designs, develops, and manufactures a broad range of HDDs and SSDs, but specializes in HDDs used in PCs, game consoles, and data centers for the likes of enterprises and cloud vendors.
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