Seagate (STX) tops Q4 earnings; shares jump as much as ~9% in extended trading

1. 1Shares of Seagate Technology Holdings (STX) rose as much as about 9% in Tuesday's extended trading after the company exceeded market expectations for its fourth-quarter results.
2. 2Seagate posted Q4 revenue of $3.629 billion and adjusted EPS of $5.71, and guided Q1 revenue to $4.1 billion (±$100 million) and adjusted EPS to $7.30 (±$0.20).
3. 3The company noted that data center demand accounts for roughly 90% of shipments, that most of its capacity through 2028 is already allocated, and that supply tightness has opened the door to price increases.

Source Stocktwits +2 · View original ↗

Today's 5 AI picks, all free

Nothing hidden: past picks and how they did against the S&P 500.

See today's picks →