Post-earnings recap
Reported
Tue, Apr 17, 2012
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EPS beat rate
100%
Seagate Technology reported strong earnings with an EPS beat, but the stock fell by 2.16% following the announcement. Investors may be concerned about the lack of revenue details and ongoing supply chain challenges. The cautious tone from management could also have contributed to the stock's decline.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.64 | N/A | +24.70% |
| Revenue | N/A | N/A | N/A |
Overall, management expressed a positive outlook on demand but acknowledged supply chain issues. They emphasized their commitment to innovation.
Management highlighted strong demand for storage solutions.
They noted ongoing challenges in the supply chain.
Focus remains on innovation and customer satisfaction.
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