Seagate: Fiscal Q1 Earnings Snapshot
By AP News
Published - Oct 22, 2024, 04:17 PM ET
Last Updated - Dec 16, 2024, 06:06 PM EST
SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal first-quarter net income of $305 million.
On a per-share basis, the Singapore-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, were $1.58 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.
The electronic storage maker posted revenue of $2.17 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.12 billion.
