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Seagate Technology (STX) Is Climbing On Strong Q2 Results

Seagate Technology (STX) reported second quarter non-GAAP net income of $1.38 per share after the close Monday, which topped the consensus estimate of $1.28. Revenues rose to $3.668 billion from $3.195 billion in the prior year quarter. The consensus estimate was for revenues of $3.58 billion. The stock is now up 1.09 on 400K shares.

Seagate Technology gapped up slightly Monday, but traded in a range for the majority of the session. Shares finished up by 0.16 at $37.41 and closed challenging the highs of the year.

by RTT Staff Writer

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