Shares of data storage manufacturer Seagate (NASDAQ:STX)
fell 5.4% in the afternoon session after the company provided a weaker-than-expected forecast for the upcoming quarter, which overshadowed its strong fourth-quarter earnings report. While the data storage manufacturer's quarterly revenue and profit both topped analyst estimates, its guidance for the first fiscal quarter of 2026 fell short. Seagate projected revenue with a midpoint of $2.5 billion and adjusted earnings per share of $2.30, both below consensus expectations. This outlook raised concerns as it suggested a potential sequential decline from the strong quarter the company just delivered. The disappointing forecast prompted investors to sell, especially since the stock had already surged significantly year-to-date, making it prone to profit-taking on any sign of weakness.
Seeking insights into today's market movers? Discover the S&P500 gap up and gap down stocks in today's session on Wednesday. Stay informed about the latest market trends.
The US market is yet to commence its session on Wednesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
CEO Dave Mosely attributed the strength to the structural enhancements implemented in the company’s business and ongoing demand strength from cloud customers for its high-capacity drives.
Data storage manufacturer Seagate (NASDAQ:STX) announced better-than-expected revenue in Q2 CY2025, with sales up 29.5% year on year to $2.44 billion. On the other hand, next quarter’s revenue guidance of $2.5 billion was less impressive, coming in 2.5% below analysts’ estimates. Its non-GAAP profit of $2.59 per share was 6% above analysts’ consensus estimates.
Seagate Technology Holdings announces fourth-quarter financial results for fiscal 2025 after the market close on Tuesday. Here's a rundown of the report.
After the conclusion of the US market's regular session on Tuesday, let's examine the after-hours session and unveil the notable S&P500 performers among the top gainers and losers.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
Risk appetite took a breather Tuesday, with major U.S. stock indices retreating modestly from record highs as investors braced for a pivotal stretch of earnings and macro events.
