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04.18.2006 - Seagate Technology Reports Fiscal Third Quarter 2006 Results

View Seagate-Technology related news. SCOTTS VALLEY, Calif.—18 April 2006—Seagate Technology (NYSE: STX) today reported quarterly revenue of $2.3 billion, net income of $274 million, and diluted earnings per share of $0.53 for the quarter ended March 31, 2006. Included in these results are an expense of $21 million for non-cash stock based compensation and a $7 million one-time investment gain. These results compare to revenue of $1.97 billion, net income of $229 million and diluted earnings per share of $0.45 in the year-ago quarter. The year-ago results did not reflect costs associated with non-cash stock based compensation.

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NID: 10122 / Submitted by: TACKtech Team
Categories: Press Release
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