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Adam_a

Seagate Reports 3Q19 Earnings

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Looking at the numbers for the 3rd quarter, Seagate is reporting revenue of $2.313 billion, down from last quarter’s $2.715 billion and down 19% from the same time last year. The company is reporting a GAAP net income of $195 million (or $0.69 diluted earning per share), which was down from $381 million reported last year at the same quarter. For non-GAAP net income, Seagate saw $235 million (or $0.83 diluted EPS) a drop from $424 million or $1.46 EPS in year over year. Seagate is reporting gross margin of 26.0% GAAP and 26.6% non-GAAP as well as $438 million in cash flow from operations and $291 million in free cash flow.

 

 

 

Seagate Reports 3Q19 Earnings

 

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