STX / Seagate (STX) Reports Q4 Earnings: What Key Metrics Have to Say

Seagate's (STX) first-quarter fiscal 2024 performance is hit by weak economic recovery in China, soft demand in the legacy markets and continued inven more_horizontal

Seagate (STX) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $ more_horizontal

Seagate's (STX) fiscal first-quarter performance is likely to be affected by global macroeconomic turmoil and softness in nearline demand. more_horizontal

Seagate Technology Holdings PLC ( STX , Financial) reported revenue of $1.6 billion, in line with expectations, and a non-GAAP loss of 18 cents per sh more_horizontal

Seagate stock (NASDAQ: STX) currently trades at $64 per share, 18% below the level seen in March 2021, and it appears appropriately priced. more_horizontal

Subscribers to Schaeffer's Weekend Trader options recommendation service received this STX commentary on Sunday night, along with a detailed options t more_horizontal

Seagate's (STX) fourth-quarter fiscal 2023 performance is hit by bumpy economic recovery in China, cautious enterprise spending and continued inventor more_horizontal

Although the revenue and EPS for Seagate (STX) give a sense of how its business performed in the quarter ended June 2023, it might be worth considerin more_horizontal