Seagate Lifts Revenue Expectation for Q2

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Seagate has released several of its preliminary results for Q2 of its fiscal 2013, the company detailed in an official news release.  The company said it expects at least $3.6 billion in revenue and a gross margin exceeding 27%. Roughly speaking, that would translate into a dollar figure of at least $972 million.

The new revenue estimate is slightly higher than the $3.5 billion the company had previously anticipated. The revised gross margin figure is at the low end of its previously announced range of 27%-32%.

Seagate shares were up slightly in after-hours trading following the announcement. The company is to report a full set of Q2 results in a conference call on Jan. 28.

The article Seagate Lifts Revenue Expectation for Q2 originally appeared on Fool.com.

Eric Volkman and The Motley Fool have no position in Seagate. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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