Seagate's Q1 Earnings & Revenues Beat Estimates, Up Y/Y, Stock Down

Seagate Technology Holdings plc (STX) reported first-quarter fiscal 2025 non-GAAP earnings of $1.58 per share, beating the Zacks Consensus Estimate by 6.8% and coming toward the high end of management’s guidance of$ 1.40 per share (+/- 20 cents). The company reported a non-GAAP loss of 22 cents per share in the year-ago quarter. This improvement in the bottom line was driven by a favorable mix shift to mass-capacity products and a better pricing environment.Stay up-to-date with all quarterly releases: See Z ...