Seagate: Fiscal Q2 Earnings Snapshot
By AP News
Published - Jan 24, 2024, 04:18 PM ET
Last Updated - Jan 24, 2024, 04:18 PM EST
DUBLIN (AP) — DUBLIN (AP) — Seagate Technology Holdings plc (STX) on Wednesday reported a loss of $19 million in its fiscal second quarter.
The Dublin-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 12 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The electronic storage maker posted revenue of $1.56 billion in the period, which met Street forecasts.
