Seagate Technology (STX) reported fourth quarter non-GAAP net income of $2.41 after the bell Monday, which fell short of the consensus estimate of $2.51. Revenues rose to $4.48 billion from $2.86 billion in the prior year quarter. The consensus estimate was for revenues of $4.56 billion. The stock is now down 1.08 on 358K shares.
Seagate Technology was range-bound for the majority of Monday's session and closed up by 0.42 at $30.43. The stock closed at over a 2-month high.
For comments and feedback: editorial@rttnews.com