Seagate Tech Hldgs Q3 2024 Adj EPS $0.33 Beats $0.28 Estimate, Sales $1.660B Miss $1.681B Estimate
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology Holdings (STX) reported Q3 2024 adjusted EPS of $0.33, surpassing the $0.28 estimate, but its sales of $1.660B fell short of the $1.681B forecast, marking a 10.75% decrease from the previous year.
April 23, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Seagate Technology Holdings reported a mixed Q3 2024 result with earnings beating estimates but sales missing expectations and showing a significant year-over-year decline.
The positive earnings beat might provide some upward momentum for STX, but the miss on sales and the significant year-over-year decline could temper investor enthusiasm. The mixed results present a neutral short-term outlook as the market digests both the positive and negative aspects of the report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100