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The bear market is firmly in place so long as the economy worsens. The incoming recession is a necessary headwind.
The hard-drive maker is bracing for a tough slowdown.
We should see a reversal in the bear market at some point, and you can get ready by learning about these tech stocks to buy on the dip. The post 7 Tech Stocks to Buy on the Dip appeared first on InvestorPlace.
Seagate misses on the top and bottom lines -- and delivers an earnings warning to boot.
Seagate's (STX) Q4 revenues are affected by macro-related headwinds and non-HDD component shortages.
Snap Inc. (NYSE: SNAP) fell 28.4% to $11.70 in pre-market trading after the company reported worse-than-expected Q2 results, announced a reduction in the hiring rate and did not provide guidance. Intuitive Surgical, Inc. (NASDAQ: ISRG) shares fell 11.9% to $198.00 in pre-market trading after the.
Seagate Technology Holdings plc (NASDAQ:STX ) Q4 2022 Earnings Conference Call July 21, 2022 5:00 PM ET Company Participants Shanye Hudson - Senior Vice President-Investor Relations and Treasury Dave Mosley - Chief Executive Officer Gianluca Romano - Chief Financial Officer Conference Call Participants Aaron Rakers - Wells Fargo Wamsi Mohan - Bank of America Krish Sankar - Cowen and Company Patrick Ho - Stifel Toshiya Hari - Goldman Sachs Steven Fox - Fox Advisors Erik Woodring - Morgan Stanley Sidney Ho - Deutsche Bank C.J. Muse - Evercore ISI Thomas O'Malley - Barclays Kay Cassidy - Rosenblatt Securities Vijay Rakesh - Mizuho Operator Good afternoon, everyone, and welcome to the Seagate Technology Fourth Quarter and Fiscal Year 2022 Conference Call.
Seagate (STX) delivered earnings and revenue surprises of -15.87% and 6.29%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
Seagate Technology Holdings PLC (NASDAQ: STX) reported a fourth-quarter revenue decline of 12.8% year-over-year to $2.63 billion, missing the consensus of $2.78 billion. Adjusted EPS of $1.59 missed the consensus of $1.92.
Seagate Technology Holdings PLC shares dropped in the extended session Thursday after the data-storage-device company said a slowdown in consumer demand led to quarterly results and an outlook that fell short of Wall Street forecasts.