Seagate Technology Holdings plc reported third-quarter fiscal 2022 earnings, posting non-GAAP earnings per share of $1.81, falling short of analyst expectations by 3.2%. However, the company surpassed revenue forecasts with $2.802 billion, exceeding estimates by 0.9% and prompting a 1.2% rise in its stock. Seagate also announced a quarterly cash dividend of 70 cents per share, reaffirming its commitment to shareholder returns. Looking ahead, the company projects fourth-quarter adjusted earnings between $1.70 and $2.10 per share.
“Seagate Technology Holdings plc STX · reported · third-quarter fiscal 2022 non-GAAP earnings · $1.81 per share”
“Zacks Consensus Estimate · was · missed by Seagate · 3.2%”
“Seagate Technology Holdings plc STX · non-GAAP revenues · $2.802 billion · outpaced the Zacks Consensus Estimate by 0.9%”
“Seagate · anticipated non-GAAP earnings per share · $2.00 per share · (+/- 20 cents)”
“Seagate · shipped · 154.2 exabytes of hard disk drive storage · with an average capacity of record 6.7 terabytes per drive”
“Seagate · announced · a quarterly cash dividend · of 70 cents per share”
“Seagate Technology Holdings plc · is listed on · NASDAQ · STX”
“Seagate Technology Holdings plc · reported · third-quarter fiscal 2022 non-GAAP earnings per share · $1.81”
“Seagate · announced · a quarterly cash dividend · 70 cents per share”
“Seagate · carries · a Zacks Rank #3 · (Hold)”
“Seagate Technology Holdings · shares rose · percentage · 1.2%”
“Seagate Technology Holdings · expects · fourth-quarter adjusted earnings · $1.70 to $2.10 a share”