Seagate Technology Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance Amid 'Improving Cloud Demand Environment'
Portfolio Pulse from Adam Eckert
Seagate Technology reported strong Q4 earnings, beating both revenue and EPS estimates. The company also provided strong guidance for Q1, driving shares up 6.467% in after-hours trading.
July 23, 2024 | 8:53 pm
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Seagate Technology reported Q4 revenue of $1.89 billion and EPS of $1.05, both beating estimates. The company also provided strong Q1 guidance, expecting revenue of approximately $2.1 billion and adjusted EPS of $1.40. Shares rose 6.467% in after-hours trading.
Seagate's strong Q4 performance and optimistic Q1 guidance are likely to boost investor confidence, driving the stock price higher in the short term.
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