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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 200.32+2.2%Nov 21 9:30 AM EST

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From: Sam5/1/2018 8:56:05 AM
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Seagate Tech -4.8% on Q3 with narrow revenue beat
May 1, 2018 8:21 AM ET|About: Seagate Technology (STX)|By: Brandy Betz, SA News Editor

Seagate Tech (NASDAQ: STX) drops 4.8% premarket after Q3 results that beat EPS estimates and narrowly beat revenue estimates with a 5% Y/Y revenue growth. Company provides guidance during the earnings call.

Key metrics: Non-GAAP gross margin, 30.8%; cash flow from operations, $558M; FCF, $1.4B; cash and equivalents, $2.9B; total liabilities, $7.6B; total operating expenses, $2.4B.

Earnings call is scheduled for 9 AM Eastern with a webcast available here.

Press release.

Previously: Seagate Technology beats by $0.14, beats on revenue (May 1)

Previously: Seagate Technology declares $0.63 dividend (May 1)

seekingalpha.com
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