Investing.com - Seagate reported third quarter earnings that Beat analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.83 on revenue of $2.31B. Analysts polled by Investing.com anticipated EPS of $0.71 on revenue of $2.32B. That compared to EPS of $1.46 on revenue of $2.8B in the same period a year earlier. The company had reported EPS of $1.41 on revenue of $2.72B in the previous quarter.
Seagate shares gained 2.23% to trade at $45.94 in pre-market trade following the report.
Seagate follows other major Technology sector earnings this month
On April 24, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Alphabet C earnings missed analysts' expectations on Monday, with first quarter EPS of $9.5 on revenue of $36.34B. Investing.com analysts expected EPS of $10.53 on revenue of $37.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar