Benzinga | Oct 22, 2020 04:06PM EDT

Seagate Technology Q1 Adj. EPS $0.93 Beats $0.88 Estimate, Sales $2.31B Miss $2.34B Estimate

Seagate Technology (NASDAQ:STX) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.88 by 5.68 percent. This is a 9.71 percent decrease over earnings of $1.03 per share from the same period last year. The company reported quarterly sales of $2.31 billion which missed the analyst consensus estimate of $2.34 billion by 1.28 percent. This is a 10.40 percent decrease over sales of $2.58 billion the same period last year.