SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal second-quarter earnings of $336 million.
On a per-share basis, the Singapore-based company said it had net income of $1.55. Earnings, adjusted for non-recurring costs and stock option expense, came to $2.03 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The electronic storage maker posted revenue of $2.33 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $2.31 billion.
For the current quarter ending in March, Seagate expects its per-share earnings to range from $1.50 to $1.90.
The company said it expects revenue in the range of $1.95 billion to $2.25 billion for the fiscal third quarter.
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