Reported about 5 hours ago
Seagate Technology has projected its fourth-quarter results to exceed Wall Street expectations, driven by steady demand for its mass capacity storage solutions, particularly for PCs and cloud devices. The company's shares rose 6% following the announcement, with expected revenue reaching $2.40 billion and adjusted earnings per share surpassing analysts' predictions. CEO Dave Mosley highlighted the positive market environment and the recovery in demand for PCs, following a slump in the previous year.
Source: YAHOO