Seagate Technology (STX) Sinks on Q4 Miss, Lower Guidance

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Go back to Seagate Technology (STX) Sinks on Q4 Miss, Lower Guidance

Western Digital (WDC) Trades Lower in Sympathy with Seagate Technology (STX)

July 21, 2022 4:44 PM EDT

Western Digital (NASDAQ: WDC) Trades Lower in Sympathy with Seagate Technology (NASDAQ: STX)

STX -11% Following ResultsWDC -7.5... More

Seagate Technology (STX) Misses Q4 EPS by 31c; Lowers Outlook

July 21, 2022 4:14 PM EDT

Seagate Technology (NASDAQ: STX) reported Q4 EPS of $1.59, $0.31 worse than the analyst estimate of $1.90. Revenue for the quarter came in at $2.63 billion versus the consensus estimate of $2.8 billion.

GUIDANCE:

Seagate Technology sees Q1 2023 EPS of $1.20-$1.60, versus the consensus of $2.27.... More