Recap: Seagate Tech Q3 Earnings

Seagate Tech Hldgs STX reported its Q3 earnings results on Wednesday, April 27, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Seagate Tech Hldgs missed estimated earnings by 4.23%, reporting an EPS of $1.81 versus an estimate of $1.89.

Revenue was up $71.00 million from the same period last year.

Last quarter the company beat on EPS by $0.05 which was followed by a 7.65% increase in the share price the next day.

Here's a look at Seagate Tech Hldgs's past performance:

Quarter	Q2 2022	Q1 2022	Q4 2021	Q3 2021
EPS Estimate	2.36	2.21	1.84	1.32
EPS Actual	2.41	2.35	2	1.48
Revenue Estimate	3.11B	3.10B	2.95B	2.68B
Revenue Actual	3.12B	3.12B	3.01B	2.73B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Seagate Tech Hldgs management provided guidance for Q4 2022, expecting earnings between $1.7 and $2.1 per share.

To track all earnings releases for Seagate Tech Hldgs visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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