Seagate Reports Q4 Revenue Up 49% YoY to $3.6B, Adjusted Earnings of $5.71 a Share
Earnings·2 articles across 2 outlets
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Seagate reported Q4 revenue of $3.6 billion, a 49% increase year-over-year, surpassing the estimated $3.5 billion. The company's adjusted earnings were $5.71 per share, exceeding analysts' forecast of $5.10, leading to a more than 6% jump in STX stock after hours.
The strong earnings report reflects Seagate's robust performance in the storage solutions market, with traders anticipating further movement in the stock following the announcement. The positive results have generated increased interest among investors, as evidenced by the after-hours trading surge.
Seagate
Sources
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SourceReports the news
“Here’s How Much Traders See Seagate Stock Moving After Earnings”
Yahoo Finance — Here’s How Much Traders See Seagate Stock Moving After Earnings
SupportCorroborates it
“Seagate reports Q4 revenue up 49% YoY to $3.6B, vs. $3.5B est., adjusted earnings of $5.71 a share, above analysts' forecast of $5.10; STX jumps 6%+ after hours”
techmeme — Seagate reports Q4 revenue up 49% YoY to $3.6B, vs. $3.5B est., adjusted earnings of $5.71 a share, above analysts' forecast of $5.10; STX jumps 6%+ after hours (Nate Wolf/Barron's Online)