Seagate Tech misses by $0.07, reports revs in-line
Reports Q2 (Dec) earnings of $1.32 per share, $0.07 worse than the Capital IQ Consensus Estimate of $1.39; revenues fell 3.8% year/year to $3.53 bln vs the $3.56 bln consensus.
Co reported NON-GAAP gross margin of 28.5%.
"Seagate's results in the December quarter reflect discipline in managing the profitability of our business and strong operational execution. We continue to strategically invest in our product portfolio and enhance our vertically integrated manufacturing capabilities to effectively capitalize on the cloud, mobile and open source storage trends that are being fueled by data growth,"
The co will guide for Q3 on its conference call at 17:00