Seagate Stock Slides Despite Record Earnings and Strong Data Center Demand
Seagate Shares Slide Despite Record Q1 Results and Guidance Seagate Technology (STX:NASDAQ) posted record-breaking fiscal first-quarter results that topped estimates, yet the stock tumbled sharply in the market. Barron’s reported that Seagate shares fell despite soaring profitability driven by continued data-storage demand. The Bottom Line: Seagate reported record Q4 revenue of $3.63B—up 48% year-over-year—while non-GAAP … Read more