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Actionable news in STX: Seagate Technology.,

Seagate Expects Results to Miss Expectations

Seagate Technology PLC said Thursday that its revenue and gross margin will likely fall short of expectations for its latest quarter, as the data-storage company struggles with weak demand.

Shares of Seagate, down 28% this year, fell 8% to $44 a share in premarket trading.

Chief Executive Steve Luczo said in a news release that Seagate is disappointed that its products didn't address demand in the market...


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