Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Seagate Stock Sank 6.6% Today

TheMotleyFool

0 0

Shares of computer memory specialist Seagate Technology (NASDAQ: STX) got punished for an earnings miss on Wednesday, falling 6.6% through noon ET.

Analysts had forecast that Seagate would earn $0.76 per share on $2.1 billion in sales for its fiscal first quarter of 2023. But Seagate reported only $0.48 in profit per share, and sales short of the mark at just over $2 billion -- and that's the good news.

Image source: Getty Images.

Source Fool.com

Like: 0

STX

Share