The hard-drive maker Seagate Technology PLC (NASDAQ:STX) climbed in after-hours trading on Tuesday after the company announced that its profit in fiscal Q3 moved up and revenue roughly doubled.
The Technology Company reported that during the three months finished March 30 it made net income of $1.14 billion or $2.48 a share in earnings. That’s high from $93 million or 21 cents a share in the similar period previous year. Revenue was $4.45 billion, evaluated against $2.70 billion in the same period previous year.
Excluding one-time costs, Seagate’s adjusted net income was $2.64 a share. [article_latestnews_1]
Western Digital Corp. (NYSE:WDC) fell -0.15% to settle at $39.51, EMC Corporation (NYSE:EMC) moved up +1.80% to end at $29.33 while SanDisk Corporation (NASDAQ:SNDK) surged +0.87% to finish on Tuesday at $41.30.
Seagate Technology PLC (NASDAQ:STX) on April 17, 2012 it decrease -2.16% to the closing price of $27.89. The overall volume in the last trading session was 20.64 million shares. Its fifty two week range was $9.05-$29.00. The total market capitalization remained $12.51 billion.
STX is ahead its 52 week low with +214.70% and lagging behind from its 52 week high price with -3.83%. STX last month stock price volatility remained 3.49%. In its share capital STX has 448.73 million outstanding shares among them 396.42 million shares have been floated in market exchange. STX stock institutional ownership remained 81.10% while insider ownership included 12.46%.
The stock price of STX is moving forward from its 20 days moving average with +2.90% and remote positively from 50 days moving average with +3.26%. STX current year earnings per share experienced an addition with -65.15% while its current quarter performance remained +44.96%. Company’s beta coefficient included 2.28. Beta factors measures the amount of market risk associated with market trade.
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