Seagate Stock Jumps After Q4 Earnings Beat Expectations With $3.6B Revenue
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 up 49% year-over-year to $3.6 billion, exceeding the $3.5 billion estimate. Adjusted earnings were $5.71 per share, surpassing analysts' forecast of $5.10, leading to a 6%+ jump in STX stock after hours.
The hard-disk drive maker's quarterly results were driven by robust demand in the data center sector, contributing to the positive earnings report. The stock's performance reflects strong investor confidence following the earnings announcement.
Seagate
Sources
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“The hard-disk drive maker reported quarterly results that beat expectations.”
IBD — Seagate Stock Jumps After Earnings Beat Expectations, 'Robust' Data Center Demand“Nate Wolf / Barron's Online: Seagate reports Q4 revenue up 49% YoY to $3.6B, vs.”
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)