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Seagate Technology (NASDAQ:STX) Reports Q2 In Line With Expectations But Inventory Levels Increase

Data storage manufacturer Seagate (NASDAQ:STX) reported results in line with analysts' expectations in Q2 FY2024, with revenue down 17.6% year on year to $1.56 billion. The company expects next quarter's revenue to be around $1.65 billion, in line with analysts' estimates. It made a non-GAAP profit of $0.12 per share, down from its profit of $0.16 per share in the same quarter last year.
Dave Mosley Memory Semiconductors Seagate Technology Cash Flow Days Outstanding Quarterly Dividend
Source: yahoo.com

GE's Forecast Misses Estimates Ahead of Historic Breakup

(Bloomberg) -- General Electric Co. predicts profit will fall short of Wall Street’s expectations in its final quarter ahead of a long-planned breakup.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketAn Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsHong Kong Stocks at 36% Discount Show True Depth of ...
New York United States Julian Mitchell Andrew Kaplowitz Bloomberg Businessweek Larry Culp
Source: yahoo.com

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