Saturday, September 29, 2012

Seagate FYQ3 EPS Crushes Estimates; Shares Rising

Disk drive maker Seagate Technology (STX) this afternoon reported fiscal Q3 revenue ahead of consensus and earnings per share that easily topped estimates, sending its shares higher in late trading.

Revenue in the three months ended in March rose 65%, year over year, to $4.45 billion, yielding EPS of $2.64 excluding some costs.

Analysts had been modeling $4.37 billion and $2.10 per share.

Seagate shares are up 14 cents, or half a percent, at $28.03 in late trading.

Seagate management will host a conference call with investors at 6 pm, Eastern time, and you can catch the webcast of it here.

No comments:

Post a Comment