Seagate forecasts third-quarter revenue above estimates

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Go back to Seagate forecasts third-quarter revenue above estimates

Seagate Technology (STX) Issues Positive Q3, FY17 Outlook

January 24, 2017 5:45 PM EST

On its call, Seagate Technology (NASDAQ: STX) said it sees Q3 revenues of about $2.7 billion, versus the consensus of $2.61 billion.

Sees FY17 EPS of at least $4.50, versus the consensus of $3.77. Expects to see revenue growth in 2017.

Remains confident in higher end of long-term 27-32% margin range.

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