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Tuesday, July 28, 2020

=Seagate Technology (STX) reported earnings on Tue 28 Jul 20 (a/h)

Seagate Tech misses by $0.03, misses on revs; guides Q1 EPS below consensus, revs below consensus

  • Reports Q4 (Jun) earnings of $1.20 per share, $0.03 worse than the S&P Capital IQ Consensus of $1.23; revenues rose 6.2% year/year to $2.52 bln vs the $2.62 bln S&P Capital IQ Consensus.
  • Co issues downside guidance for Q1, sees EPS of $0.70 to $1.00 vs. $1.27 S&P Capital IQ Consensus; sees Q1 revs of $2.10 bln to $2.50 bln vs. $2.59 bln S&P Capital IQ Consensus.
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