Seagate on track with fiscal Q2 revenue, faces production delays

Seagate Technology meets revenue forecasts but forecasts lower production output, impacting future revenue. Successful testing of HAMR drives points to future growth in cloud data storage.

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.96%

U.S. stocks closed lower, led by losses in Technology and Consumer sectors. Notable gainers included Northern Trust and Teledyne, while losses were seen in Enphase and McDonald's.

Earnings call: Seagate posts strong Q1 results, optimistic on HAMR tech

Seagate Technology reported Q1 2025 results with revenue of $2.17 billion, 49% growth year-over-year and strong outlook driven by cloud demand for high-capacity drives.

Seagate stock down as below-consensus Q2 guidance offsets Q1 beat

Seagate Technology shares fell 5% after Q2 guidance missed expectations, despite strong Q1 results. Analysts maintain positive outlooks, anticipating growth from new technologies and improving cash flow.

After-hours movers: McDonald's, Starbucks, Seagate, Alto Neuroscience and more

Stocks fell for McDonald's, Starbucks, Seagate, and Enphase due to poor performance and guidance, while Stride Inc. rose after strong enrollments, and Alto Neuroscience plunged after disappointing treatment results.

U.S. stocks mixed at close of trade; Dow Jones Industrial Average up 0.09%