RTTNews | Jun 8, 2021 09:08AM EDT

09:08 Tuesday, June 8, 2021 (RTTNews.com) - Data storage maker Seagate Technology Holdings plc (STX) announced Tuesday that it is increasing its revenue and earnings guidance for its fiscal fourth quarter, based on strong, broad-based demand for its products into the mass capacity markets and distribution channel

For the fourth quarter, the company now projects adjusted earnings in a range of $1.80 to $2.00 per share on revenues between $2.80 billion and $3.10 billion.

Previously, the company expected adjusted earnings in a range of $1.45 to $1.75 per share on revenues between $2.70 billion and $3.00 billion.

On average, 21 analysts polled by Thomson Reuters expect the company to report revenues of $2,82 billion for the quarter.

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