Seagate Technology Reports Fiscal Second Quarter 2020 Financial Results
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Seagate Technology (STX) Tops Q2 EPS by 3c, Revenues Miss; Offers Q3 EPS/Revenue Guidance Above Consensus
February 4, 2020 4:07 PM ESTSeagate Technology (NASDAQ: STX) reported Q2 EPS of $1.35, $0.03 better than the analyst estimate of $1.32. Revenue for the quarter came in at $2.7 billion versus the consensus estimate of $2.72 billion.
Reported revenue of $2.7 billionExpanded GAAP operating margin to 14.2%; non-GAAP operating margin to 15.7%Delivered GAAP diluted earnings per share (EPS) of $1.20; non-GAAP diluted EPS of $1.35Returned $315 million to shareholders; declared cash dividend of $0.65 per... More