Categories AlphaGraphs, Earnings, Technology

Seagate Technology (STX) Earnings Infographic: Q4 results beat estimates

Storage solutions provider Seagate Technology plc (NASDAQ: STX) announced fourth-quarter 2021 results on Wednesday morning, reporting a double-digit increase in earnings and revenues. The results also topped the market’s projection.

Seagate Q4 2021 earnings infographic

The adjusted net income was $2.00 per share in the June quarter, up from last year’s earnings of $1.20 per share and above the consensus estimates. Reported profit rose to $482 million or $2.07 per share from $166 million or $0.64 per share in the fourth quarter of 2020.

The strong bottom-line performance reflects a 20% increase in revenues to $3.01 billion. The top-line also exceeded the expert’s forecast.

Read management/analysts’ comments on Seagate’s Q4 report

Seagate’s shares gained in early Wednesday soon after the earnings announcement, after closing the previous session higher.

Prior Performance

  • Seagate Q3 2020 earning


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

MU Earnings: Micron’s Q4 profit declines but beats estimates

Micron Technology Inc. (NASDAQ: MU) Thursday said its fourth-quarter profit declined from last year, hurt by a sharp fall in revenues. Earnings, however, beat the market’s projection. On an adjusted

What are Philip Morris’ (PM) anticipations for the near term?

Shares of Philip Morris International Inc. (NYSE: PM) were down 1% on Thursday. The stock has dropped over 9% year-to-date. Although the tobacco industry has felt the pinch of inflation,

Key highlights from CarMax (KMX) Q2 2023 earnings results

CarMax, Inc. (NYSE:KMX) reported second quarter 2023 earnings results today. Net revenues rose 2% year-over-year to $8.1 billion. Net earnings were $125.9 million, or $0.79 per share, compared to $285.2 million,

Add Comment
Viewing Highlight