Seagate Sees Q3 Adj. EPS $0.05-$0.45 vs $0.18 Est., Revenue $1.5B-$1.8B vs $1.64B Est.
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology has provided its Q3 adjusted EPS guidance in the range of $0.05 to $0.45, which brackets the analyst estimate of $0.18. The company also forecasts revenue between $1.5B and $1.8B, compared to the estimated $1.64B.

January 24, 2024 | 9:07 pm
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Seagate Technology's Q3 guidance for adjusted EPS and revenue both encompass analyst estimates, which may lead to mixed reactions in the market.
Seagate's guidance for both EPS and revenue includes the analyst estimates, which suggests that the company's performance could either surpass or fall short of expectations. This uncertainty is likely to result in a neutral short-term impact on the stock price, as the market digests the wide guidance range.
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IMPORTANCE 75
RELEVANCE 100