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.
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!
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5