Article Hero

Mixed fiscal Q2 2021 for Seagate

1611581736.png
Miguel A. Rodriguez
Miguel A. Rodriguez
25 Januar 2021
Seagate gained on EPS, but lost on revenue

The California-based data storage company Seagate posted mixed second-quarter 2021 figures.

For the quarter ended in December, Seagate reported an adjusted EPS of $1.29 higher than the $1.20 published in the year-earlier quarter. The revenue slipped 2.7% to $2.62 billion from $2.7 billion reported a year ago.

For the future, Seagate expects its revenue to reach $2.65 billion, and an EPS of $1.30. At the same time, economists see the stock price reaching a high of $65.

Following the news, Seagate stock price fell 6.3% to $58.96.

Read more financial news here!

Source: barrons.com, thestreet.com

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.