Seagate Technology (STX) Tops Q4 EPS by 13c
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Seagate Technology (NASDAQ: STX) reported Q4 EPS of $0.77, $0.13 better than the analyst estimate of $0.64. Revenue for the quarter came in at $2.9 billion versus the consensus estimate of $2.92 billion.
“Over the last few years, Seagate has refined our financial model and global supply chain to allow us to continuously deliver significant value to shareholders and adapt effectively to short-term fluctuations in our business and geographic markets,” said Steve Luczo, Seagate’s chairman and chief executive officer. “While shifting information technology market dynamics have been challenging to accurately predict, we achieved many of our financial goals in fiscal 2015 and remain confident in our long-term growth prospects driven by data growth, cloud and hyperscale deployments and data analytics. Our product portfolio is very well positioned in the traditional storage marketplace, our pipeline of innovation is strong, and our strategic investments in cloud systems and solutions and flash technology are expanding our opportunities with new and existing customers.”
For earnings history and earnings-related data on Seagate Technology (STX) click here.
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