Seagate Technology (STX) Tops Q2 EPS by 11c

Seagate Technology (NASDAQ: STX) reported Q2 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $2.99 billion versus the consensus estimate of $2.94 billion.

During the second quarter, the Company generated approximately $382 million in operating cash flow, paid cash dividends of $188 million and repurchased approximately 2.9 million ordinary shares for $107 million. There were 296 million ordinary shares issued and outstanding as of the end of the quarter.

Cash, cash equivalents and short-term investments totaled approximately $1.3 billion at the end of the quarter.

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

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