Factors to Note Ahead of Seagate's (STX) Q2 Earnings Release

Seagate Technology Holdings plc (STX) is scheduled to report second-quarter fiscal 2024 earnings on Jan 24.The Zacks Consensus Estimate is pegged at a loss of 8 cents per share. STX reported earnings per share of 16 cents in the prior-year quarter. The consensus estimate for revenues is pegged at $1.55 billion, suggesting a decline of 18.1% on a year-over-year basis.Management anticipates second-quarter fiscal 2024 revenues to be $1.55 billion (+/- $150 million). Non-GAAP loss is expected to be 10 cents per ...