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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Seagate Technology Holdings PLC | NASDAQ:STX | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 89.85 | 78.00 | 91.99 | 5 | 09:23:38 |
From May 2019 to May 2024
Seagate Technology PLC cut its sales guidance for its latest quarter on weaker-than-expected demand.
Shares fell 1.9% to $45.10 in recent premarket trading.
For the quarter ended July 3, Seagate said now expects to post revenue of roughly $2.9 billion, compared with its previous estimate of $3.2 billion to $3.3 billion.
The Cupertino, Calif.-based company also lowered its outlook for margins, excluding certain items, to roughly 27% from about 28.5%.
Like other technology companies, Seagate has been aiming to diversify its offerings in a shifting marketplace.
During April, the data-storage company reported that its earnings fell 26% for the quarter ended in March, citing poor economic conditions.
Write to Tess Stynes at tess.stynes@wsj.com
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