SCOTTS VALLEY (dpa-AFX) - (Adds Outlook)
Looking ahead, for the second-quarter, Seagate Technology PLC (STX) expects an adjusted loss of $0.10 a share plus or minus $0.20.
On average, 18 analysts polled by Thomson Reuters expect the firm to post a loss of $0.01 per share, for the quarter. Analysts' estimates typically exclude special items.
For the quarter, STX projects revenue of f $1.55 billion, plus or minus $150 million. Analysts, on average, forecast the company to register revenue of $1.61 billion.
Below are the earnings highlights for Seagate Technology PLC (STX):
Earnings: -$184 million in Q1 vs. $29 million in the same period last year. EPS: -$0.88 in Q1 vs. $0.14 in the same period last year. Excluding items, Seagate Technology PLC reported adjusted earnings of -$46 million or -$0.22 per share for the period.
Analysts projected -$0.19 per share Revenue: $1.45 billion in Q1 vs. $2.04 billion in the same period last year.
-Guidance: Next quarter revenue guidance: $1.40 - $1.70 Bln
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