Seagate Sees Q2 Adj. EPS $(0.30)-$0.10 vs $(0.01) Est., Revenue $1.4B-$1.7B vs $1.61B Est.
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology (STX) has provided its Q2 guidance, expecting an adjusted EPS between $(0.30) and $0.10, compared to the estimated $(0.01). The company also anticipates revenue to be between $1.4B and $1.7B, versus the estimated $1.61B.
October 26, 2023 | 12:07 pm
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Seagate's Q2 guidance is lower than estimates, which could negatively impact the company's stock in the short term.
Seagate's Q2 guidance is lower than the market's expectations. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100