SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal third-quarter profit of $340 million.
The Singapore-based company said it had net income of $1.57 per share. Earnings, adjusted for one-time gains and costs, came to $1.90 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.76 per share.
The electronic storage maker posted revenue of $2.16 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $2.13 billion.
For the current quarter ending in June, Seagate expects its per-share earnings to range from $2.20 to $2.60.
The company said it expects revenue in the range of $2.25 billion to $2.55 billion for the fiscal fourth quarter.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STX at https://www.zacks.com/ap/STX
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
