Seagate Technology (STX) Tops Q3 EPS by 3c

Seagate Technology (NASDAQ: STX) reported Q3 EPS of $1.10, $0.03 better than the analyst estimate of $1.07. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.71 billion.

“The results of our financial performance this quarter reflect a stable demand environment, good operational execution and momentum in the stabilization of our business model,” said Steve Luczo, Seagate’s chairman and chief executive officer. “With a market-leading and cost-efficient storage solution portfolio, Seagate is well positioned to support our existing and new customers in a world of accelerated data creation and increased storage needs driven by emerging technologies and new business models. We will continue to focus on future growth opportunities, generating profits and building lasting value for our shareholders.”

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

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