SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal second-quarter earnings of $593 million.
The Singapore-based company said it had net income of $2.60 per share. Earnings, adjusted for one-time gains and costs, came to $3.11 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.83 per share.
The electronic storage maker posted revenue of $2.83 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.75 billion.
For the current quarter ending in March, Seagate expects its per-share earnings to range from $3.20 to $3.60.
The company said it expects revenue in the range of $2.8 billion to $3 billion for the fiscal third quarter.
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