Benzinga | Jul 28, 2020 04:01PM EDT

Seagate Technology Q4 Adj. EPS $1.20 Misses $1.29 Estimate, Sales $2.52B Miss $2.61B Estimate

Seagate Technology (NASDAQ:STX) reported quarterly earnings of $1.20 per share which missed the analyst consensus estimate of $1.29 by 6.98 percent. This is a 39.53 percent increase over earnings of $0.86 per share from the same period last year. The company reported quarterly sales of $2.52 billion which missed the analyst consensus estimate of $2.61 billion by 3.45 percent. This is a 6.28 percent increase over sales of $2.37 billion the same period last year.