Seagate Tech Hldgs Q4 EPS $(0.18) Beats $(0.24) Estimate, Sales $1.60B Miss $1.69B Estimate
Portfolio Pulse from Benzinga Newsdesk
Seagate Tech Hldgs (NASDAQ:STX) reported Q4 losses of $(0.18) per share, beating the analyst consensus estimate of $(0.24) by 25 percent. However, the company's quarterly sales of $1.60 billion missed the analyst consensus estimate of $1.69 billion by 5.21 percent. This represents a 111.32 percent decrease in earnings and a 39.04 percent decrease in sales compared to the same period last year.
July 26, 2023 | 8:10 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Seagate Tech Hldgs reported better than expected Q4 losses but missed on sales. This resulted in a significant decrease in both earnings and sales compared to last year.
Seagate Tech Hldgs reported a better than expected EPS, which is a positive signal. However, the company missed on sales and reported a significant decrease in both earnings and sales compared to the same period last year. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100