Skip to main content

Market Overview

Seagate Technology: Q2 Earnings Insights

Share:

Shares of Seagate Technology (NASDAQ:STX) decreased 2.7% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 4.44% year over year to $1.29, which beat the estimate of $1.13.

Revenue of $2,623,000,000 declined by 2.71% year over year, which beat the estimate of $2,560,000,000.

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.

Conference Call Details

Date: Jan 21, 2021

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=2924074&sessionid=1&key=AF60D7D300542FA5F0865DA691493328&regTag=&V2=false&sourcepage=register

Technicals

Company's 52-week high was at $66.69

Company's 52-week low was at $39.02

Price action over last quarter: Up 17.78%

Company Overview

Seagate Technology 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.

 

Related Articles (STX)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings