Seagate: Fiscal Q1 Earnings Snapshot

SINGAPORE (AP) — SINGAPORE (AP) — Seagate Technology Holdings plc (STX) on Tuesday reported fiscal first-quarter net income of $305 million.

On a per-share basis, the Singapore-based company said it had profit of $1.41. Earnings, adjusted for one-time gains and costs, were $1.58 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The electronic storage maker posted revenue of $2.17 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.12 billion.

For the current quarter ending in December, Seagate expects its per-share earnings to range from $1.65 to $2.05.

The company said it expects revenue in the range of $2.15 billion to $2.45 billion for the fiscal second quarter.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STX at https://www.zacks.com/ap/STX