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Seagate Technology Q4 Earnings: Revenue Beat, EPS Beat, Strong Guidance Amid 'Improving Cloud Demand Environment'
Seagate Technology Holdings PLC (NASDAQ:STX) shares are rising in Tuesday’s after-hours session on the heels of the company’s fiscal fourth-quarter financial results.
Q4 Revenue: $1.89 billion, versus estimates of $1.877 billion
Q4 EPS: $1.05, versus estimates of 75 cents
During Seagate’s fiscal fourth quarter, the data storage company generated $434 million in cash flow from operations and $380 million in free cash flow. Seagate ended the quarter with $1.4 billion in cash and cash equivalents.
“Seagate delivered robust financial performance for the June ...