Seagate Technology Holdings Fiscal Q2 Non-GAAP Earnings, Revenue Rise; Q3 Guidance Set

MT Newswires Live
01-22

Seagate Technology Holdings (STX) reported fiscal Q2 non-GAAP earnings late Tuesday of $2.03 per diluted share, up from $0.12 a year earlier.

Analysts polled by FactSet expected $1.88.

Revenue for the quarter that ended Dec. 27 was $2.33 billion, up from $1.56 billion a year earlier.

Analysts surveyed by FactSet expected $2.32 billion.

The company said it expects fiscal Q3 non-GAAP earnings of $1.70 plus or minus $0.20 per diluted share on revenue of $2.10 billion plus or minus $150 million. Analysts polled by FactSet expected $1.70 a share on sales of $2.19 billion.

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