Post-earnings recap
Reported
Tue, Feb 4, 2020
Est. EPS
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Est. revenue
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Implied move
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EPS beat rate
100%
Seagate's earnings report showed a slight miss on EPS, yet the stock reacted positively, rising by 1.76%. This increase may reflect investor confidence in the company's long-term prospects, despite the lack of revenue data and guidance. Management's comments on demand and supply chain issues suggest they are focused on maintaining growth in a challenging environment.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.35 | N/A | -0.19% |
| Revenue | N/A | N/A | N/A |
Overall, management conveyed a cautious optimism about future demand despite current supply chain challenges. They emphasized their commitment to navigating these issues effectively.
Management highlighted ongoing demand for storage solutions.
They noted challenges in the supply chain but expressed confidence in long-term growth.
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Est. EPS
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