Seagate Technology Falls Despite Q1 Earnings Beat And Rising Margins
Portfolio Pulse from Lekha Gupta
Seagate Technology reported strong Q1 earnings, beating revenue and EPS estimates, and showing improved margins. Despite this, shares fell 6.66%. The company declared a dividend and provided a positive outlook for Q2. Investors can access Seagate through ETFs like NEWZ and WLDR.
October 23, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Investors can gain exposure to Seagate Technology through the StockSnips AI-Powered Sentiment US All Cap ETF (NEWZ).
NEWZ provides exposure to Seagate Technology, which may affect its performance. However, the ETF's performance depends on multiple factors beyond Seagate's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Investors can gain exposure to Seagate Technology through the Affinity World Leaders Equity ETF (WLDR).
WLDR provides exposure to Seagate Technology, which may affect its performance. However, the ETF's performance depends on multiple factors beyond Seagate's stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Seagate Technology reported better-than-expected Q1 earnings and improved margins, but shares fell 6.66%. The company declared a dividend and provided a positive Q2 outlook.
Despite beating earnings and revenue estimates and showing improved margins, Seagate's stock fell 6.66%. This suggests that investors may have had higher expectations or concerns about other factors. The positive Q2 outlook and dividend declaration could stabilize or improve the stock price in the future.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100