Shares of Seagate Technology STX moved lower in after-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share were up 7.25% year over year to $1.48, which beat the estimate of $1.32.
Revenue of $2,731,000,000 higher by 0.48% year over year, which beat the estimate of $2,680,000,000.
Guidance
Seagate Sees Q4 Adj. EPS $1.45-$1.75 vs $1.55 Est., Sales $2.7B-$3B vs $2.85B Est.
Conference Call Details
Date: Apr 22, 2021
Time: 04:30 PM
Recent Stock Performance
Company's 52-week high was at $83.96
Company's 52-week low was at $43.53
Price action over last quarter: Up 40.13%
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.
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