Categories Earnings, Technology

Seagate Technology (STX): Q2 2020 Earnings Snapshot

Earnings Update by AlphaStreet

— Seagate Technology plc (NASDAQ: STX) reported Q2 2020 earnings of $1.35 per share, vs. $1.32 expected.

— Revenues were $2.72 billion, vs. $2.72 billion expected.

— Q3 2020 revenue is expected to be $2.7 billion, plus or minus 7%.

— Q3 2020 adjusted EPS is expected to be $1.35, plus or minus 7%.

— STX shares gained 3.8% immediately following the announcement.

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