On Tuesday 22nd October 2024, Seagate Technology Holdings (NASDAQ: STX) will be releasing its first quarter financial results. This much awaited announcement will be made after market close.
According to the predictions of financial experts on Wall Street, the firm is expected to announce an anticipated $1.47 profit per share for the quarter. Further, the firm is poised to disclose a total revenue of $2.12 billion for the period.
Examining the corresponding quarter from the previous year, the company's earnings report unveiled a loss of $0.22 per share. This number was attributed to the company's total revenue, which settled at an impressive $1.45 billion during the same period.
Analysts have provided their projections for the company's full-year performance, revealing that they expect the company to generate a total revenue of $9.17 billion. At the same time, the earnings per share for the company are also anticipated to reach profit of $6.98 during the fiscal year.
STX will host a conference call with investment community on 22nd October 2024 at 05:00 PM eastern time to discuss the financial results.
Seagate (STX) shares experienced a range of $111.70 to $114.67 on a day volume of 1.95 million shares. The stock closed Friday's regular trading session at $112.12, showing a 0.29 percent fall.