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Market Overview

Seagate Technology: Q1 Earnings Insights

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Shares of Seagate Technology (NASDAQ: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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.seagate.com%2F&eventid=2626321&sessionid=1&key=9BE2F97E05F9354F73C7C3D32BB0C0D3&regTag=&sourcepage=register

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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Posted-In: Earnings