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Seagate Technology (STX) Misses Q4 EPS by 10c; Guides Q1 on Call; Boosts Dividend

July 30, 2012 4:03 PM EDT
Seagate Technology (NASDAQ: STX) reported Q4 EPS of $2.41, $0.10 worse than the analyst estimate of $2.51. Revenue for the quarter came in at $4.48 billion versus the consensus estimate of $4.56 billion.

Boosts dividend to 32 cents.

The company is looking for Q1 sales of at least $4 billion, which compares to the Street estimate of $4.62 billion. Gross margin will be at least 30 percent.

Sees at least 25 percent growth in non-GAAP earnings in 2013.

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


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