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Technology Stocks : WDC, NAND, NVM, enterprise storage systems, etc.
SNDK 272.70+0.5%11:00 AM EST
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From: Sam11/1/2019 9:27:23 AM
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Seagate -5.7% despite beats, in-line outlook
Nov. 1, 2019 8:18 AM ET|About: Seagate Technology plc (STX)|By: Brandy Betz, SA News Editor

Seagate Technology (NASDAQ: STX) -5.7% beats Q1 EPS and revenue estimates with sales down 14% Y/Y. In-line Q2 guidance sees revenue of $2.584-2.856B (consensus: $2.7B) and EPS of $1.25-1.39 (consensus: $1.29).

Q1 gross margin was 26.7% compared to the 27.5% estimate.

Cash flow from operations totaled $456M and FCF was $309M.

Earnings call starts at 9 AM ET with a webcast here.

Press release.


seekingalpha.com
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