Seagate Technology (STX) Tops Q2 EPS by 13c

Seagate Technology (NASDAQ: STX) reported Q2 EPS of $1.41, $0.13 better than the analyst estimate of $1.28. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.72 billion.

“In the December quarter, we executed well against a more challenging demand environment and delivered solid financial results reflecting strong operational efficiency. While there are market and geo-political uncertainties impacting the storage industry, our belief in the long-term growth of data creation and storage demand remains unchanged. By delivering competitive cost-effective mass storage solutions, Seagate enables the Data Age digital transformations for businesses across many industries. Our deep storage industry expertise and leading technology portfolio will continue to drive long-term success for the company and deliver value to our shareholders,” said Dave Mosley, Seagate’s chief executive officer.

For earnings history and earnings-related data on Seagate Technology (STX) click here.

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