Seagate Technology Holdings plc (STX) announced earnings for fourth quarter that Decreased from last year but beat the Street estimates.
The company's earnings totaled $488 million, or $2.24 per share. This compares with $513 million, or $2.39 per share, last year.
Excluding items, Seagate Technology Holdings plc reported adjusted earnings of $556 million or $2.59 per share for the period.
Analysts on average had expected the company to earn $2.44 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 29.5% to $2.444 billion from $1.887 billion last year.
Seagate Technology Holdings plc earnings at a glance (GAAP) :
-Earnings: $488 Mln. vs. $513 Mln. last year.-EPS: $2.24 vs. $2.39 last year.-Revenue: $2.444 Bln vs. $1.887 Bln last year.
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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.