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.

Seagate Technology Q1 2021 Earnings Infographic

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

Tyson Foods (TSN) Q1 2023 Earnings: Key financials and quarterly highlights

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

After weak start to 2023, Apple (AAPL) sees some bright spots

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

Earnings: Qualcomm (QCOM) Q1 profit falls on lower revenues

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

Add Comment
Viewing Highlight