Higher Demand Drives Seagate’s 3Q
Seagate Technology plc (NASDAQ:STX) reported third quarter 2012 earnings per share of $2.64, comprehensively beating the Zacks Consensus Estimate of $2.09. Higher unit shipments of its hard disk drives (HDD), coupled with favorable pricing resulted in the earnings outperfromance. Revenue Seagate reported revenues of $4.45 billion in the third quarter of 2012, up 65.1% from [...]
Seagate Technology plc (NASDAQ:STX) reported third quarter 2012 earnings per share of $2.64, comprehensively beating the Zacks Consensus Estimate of $2.09. Higher unit shipments of its hard disk drives (HDD), coupled with favorable pricing resulted in the earnings outperfromance.
Revenue
Seagate reported revenues of $4.45 billion in the third quarter of 2012, up 65.1% from $2.69 billion in the year-ago period. The company’s unit shipments improved by 29.0% sequentially, as the company … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
