Mixed fiscal Q2 2021 for Seagate

By: Miguel A. Rodriguez

17:05, 25 January 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.

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Source: barrons.com, thestreet.com

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