Categories AlphaGraphs, Earnings, LATEST, Technology
Infographic: Seagate Technology (STX) Q1 earnings drop but beat view
Seagate Technology plc (NASDAQ: STX), a leading provider of data storage solutions, Thursday said its earnings declined in the first quarter of 2021, owing to a 10% fall in revenues. The bottom line, however, came in above Wall Street’s expectations.
At $2.31 billion, first-quarter revenues were down 10% from the corresponding period of 2020 and below the consensus forecast.
Consequently, adjusted earnings dropped to $0.93 per share from $1.03 per share last year, but exceeded estimates. Meanwhile, net income rose to $223 million or $0.86 per share from $200 million or $0.74 per share in the first quarter of 2020.
Read management/analysts’ comments of Seagate’s Q1 2021 results
Seagate’s shares made modest gains on Thursday evening following the announcement, after closing the regular session higher.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
