Seagate (STX) Raises Q3 Sales Guidance Above Consensus

April 7, 2011 4:34 PM EDT
Seagate Technology plc (Nasdaq: STX) sees Q3 revs of about $2.7 billion (up from prior guidance of $2.55-$2.7 billion), unit shipments of 49 million and gross margin as a percent of revenue near or slightly above the high-end of the original outlook range of 18% - 19%. Consensus sees sales of $2.62 billion.


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