SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal fourth-quarter profit of $1.29 billion.
The Singapore-based company said it had net income of $5.58 per share. Earnings, adjusted for one-time gains and costs, were $5.71 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $5.10 per share.
The electronic storage maker posted revenue of $3.63 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $3.49 billion.
For the year, the company reported profit of $3.18 billion, or $13.90 per share. Revenue was reported as $12.2 billion.
For the current quarter ending in September, Seagate expects its per-share earnings to range from $7.10 to $7.50.
The company said it expects revenue in the range of $4 billion to $4.2 billion for the fiscal first quarter.
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