
Adam Hejl 2023/01/25 9:34pm
Data storage manufacturer Seagate (NASDAQ:STX) reported Q2 FY2023 results topping analyst expectations, with revenue down 39.4% year on year to $1.88 billion. On top of that, guidance for next quarter's revenue was surprisingly good, being $2 billion at the midpoint, 6.22% above what analysts were expecting. Seagate Technology made a GAAP loss of $33 million, down on its profit of $501 million, in the same quarter last year. ... Continue Reading