Seagate Technology (STX) reported third quarter adjusted EPS of $1.26 after the close Wednesday, which topped the consensus estimate of $1.15.
Seagate Technology gapped up sharply Thursday and climbed until mid-morning, before settling into a range. Shares finished up by 2.69 at $39.63 on above average volume. The stock rose above resistance and set a new high for the year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.