Seagate Earnings Challenged By Weak PC Demand, Europe

By | April 17, 2015

Scalper1 News

Disk drive giant Seagate Technology (STX) reported mixed quarterly earnings Friday, hampered by slow growth in the PC market and weakness in Europe. Seagate reported revenue of $3.3 billion, down 2% from the year-earlier quarter and below the consensus estimate of $3.4 billion, for its fiscal third quarter ended April 3. Seagate reported earnings before the market open. Earnings per share minus items of $1.08 fell 19%, yet beat the consensus Scalper1 News

Scalper1 News