Seagate Technology Q4 Profit Down - Quick Facts

(RTTNews) - Seagate Technology PLC (STX) Thursday reported fourth-quarter profit of $320 million, down from $348 million in the same period last year. On a per-share basis, earnings improved to $0.95 from $0.94 last year.

Adjusted earnings for the quarter were $370 million or $1.10 per share. On average, 25 analysts polled by Thomson Reuters expected the company to earn $1.10 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $3.3 billion from $3.43 billion last year. Analysts expected revenues of $3.33 billion.