Seagate (STX) Q4 Earnings Top Estimates on Upbeat Demand Trends

Seagate Technology Holdings plc (STX) recently reported better-than-expected fourth-quarter fiscal 2024 results. Non-GAAP earnings of $1.05 per share beat the Zacks Consensus Estimate by 40%. The company reported a non-GAAP loss of 18 cents per share in the year-ago quarter. It also exceeded management's guidance of 70 cents (+/- 20 cents). Non-GAAP revenues of $1.887 billion beat the Zacks Consensus Estimate by 1.5%. The figure increased 18% on a year-over-year basis and 14% sequentially. Management projec ...