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.  

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Source Fool.com