Seagate Earnings Fall Short On Weak Sales In Europe

By | January 26, 2015

Scalper1 News

Shares of disk drive makers Seagate Technology (STX) and Western Digital tumbled Monday after Seagate posted earnings and gave guidance below Wall Street consensus. Seagate reported earnings per share minus items of $1.35, up 2% from the year-earlier quarter and in line with guidance, for its fiscal second quarter ended Jan. 2. Revenue rose 5% to $3.7 billion, just shy of consensus estimate of $3.74 billion. Weak sales in Europe and weak disk Scalper1 News

Scalper1 News