Seagate Tech Hldgs Q4 2024 Adj EPS $1.05 Beats $0.75 Estimate, Sales $1.890B Beat $1.877B Estimate
Portfolio Pulse from Benzinga Newsdesk
Seagate Technology Holdings (NASDAQ:STX) reported Q4 2024 adjusted EPS of $1.05, beating the $0.75 estimate. Sales were $1.890 billion, surpassing the $1.877 billion estimate and marking a 17.98% increase from the same period last year.
July 23, 2024 | 8:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Seagate Technology Holdings (NASDAQ:STX) reported strong Q4 2024 earnings, with EPS of $1.05 beating estimates by 40% and sales of $1.890 billion surpassing expectations. This performance indicates robust growth and could positively impact the stock price in the short term.
The significant beat on both EPS and sales, along with a notable year-over-year sales increase, suggests strong operational performance. This is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100