Seagate stock gains after Q4 results crush estimates

Storage device maker Seagate Technology (STX) continues to ride the wave of rapid adoption of cloud computing across industries, and reported above-consensus earnings for the fourth quarter. The company’s stock gained more than 3% soon after the earnings announcement Monday. Seagate posted net income of $475 million or $1.62 per share for the fourth quarter, … Continue reading Seagate stock gains after Q4 results crush estimates