Seagate Tech beats by $0.12, reports revs in-line; guides Q4 EPS midpoint above consensus, revs midpoint below consensus (44.94)
- Reports Q3 (Mar) earnings of $0.83 per share, excluding non-recurring items, $0.12 better than the S&P Capital IQ Consensus of $0.71; revenues of $2.31 bln vs the $2.32 bln S&P Capital IQ Consensus.
- Co sees Q4 EPS of ~$0.83 (+/- 5%), excluding non-recurring items, vs. $0.81 S&P Capital IQ Consensus; sees Q4 revs of ~$2.32 bln (plus or minus 5%) vs. $2.34 bln S&P Capital IQ Consensus.
- "We began shipping the industry's first 16-terabyte high capacity drives in the fiscal third quarter and expect to ramp high volume production in the second half calendar 2019.