Seagate Technology PLC Profit Retreats In Q4

Seagate Technology PLC (STX) revealed earnings for fourth quarter that decreased from the same period last year

The company's bottom line came in at $276 million, or $1.27 per share. This compares with $482 million, or $2.07 per share, in last year's fourth quarter.

Excluding items, Seagate Technology PLC reported adjusted earnings of $345 million or $1.59 per share for the period.

The company's revenue for the quarter fell 12.6% to $2.63 billion from $3.01 billion last year.

Seagate Technology PLC earnings at a glance (GAAP) :

-Earnings (Q4): $276 Mln. vs. $482 Mln. last year.
-EPS (Q4): $1.27 vs. $2.07 last year.
-Revenue (Q4): $2.63 Bln vs. $3.01 Bln last year.

Next quarter EPS guidance: $1.20 - $1.60
Next quarter revenue guidance: $2.35 - $2.65 Bln

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