3 Things Seagate Technology PLC Management Wants You to Know
On July 25, hard disk drive manufacturer Seagate Technology (NASDAQ: STX) reported its fourth-quarter earnings. Unfortunately, the results were well below expectations, and shares plummeted in response.
As my Foolish colleague Evan Niu explained in his excellent write-up explaining the drop, Seagate's revenue came in at $2.4 billion for the quarter, missing expectations of $2.56 billion, and earnings per share was $0.65, missing consensus of $0.98.
Image source: Seagate.
Source: Fool.com