Seagate Technology plc (NASDAQ: STX) reported second-quarter 2021 earnings results after the closing bell on Thursday.
Revenue increased to $2.62 billion from $2.69 billion last year. Analysts had expected revenue of $2.56 billion.
The net income declined to $280 million from $318 million, while earnings per share decreased from $1.20 to $1.12. The Non-GAAP earnings per share were $1.29 compared to analysts’ estimate of $1.13 per share.
The stock closed Thursday’s regular session at $62.94, and declined after the press release.
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