Scalper1 News
Seagate Technology (STX) stock fell sharply Tuesday after the disk-drive maker reported quarterly earnings late Monday that missed Wall Street expectations. The shortfall was attributed to weaker-than-expected sales of higher-margin disk drives to enterprise customers and higher-than-expected operating expenses. Seagate reported revenue of $3.53 billion, down 4% from the year-earlier quarter and slightly below the analyst consensus estimate of Scalper1 News
Scalper1 News