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

Microsoft (MSFT) Q2 revenue up 20%, earnings beat estimates

Software giant Microsoft Corp. (NASDAQ: MSFT) on Tuesday reported higher revenues and earnings for the second quarter of 2022. The results also topped expectations. At $51.7 billion, second-quarter revenues were

NFLX Stock: What the slowdown in subscriber growth means for Netflix

When online platforms thrived on the unusually strong traffic growth during the shutdown, as home-bound people turned to video-streaming and gaming sites, there was speculation that the trend might reverse

FAST Stock: Fastenal’s long-term prospects intact. Should you invest now?

Production disruption and logistics issues continue to have a crippling effect on the industrial sector but the performance of companies, in general, has been mixed so far. Fastenal Company (NASDAQ:

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top