Seagate (STX) Tops Q1 Earnings and Revenue Estimates

Seagate (STX) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of$ 1.48 per share. This compares to loss of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.76%. A quarter ago, it was expected that this electronic storage maker would post earnings of$ 0.75 per share when it actually produced earnings of $1.05, delivering a surprise of 40%.Over the last four quarters, the company ...