Seagate Lifts Revenue Expectation for Q2
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.
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