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10.20.2009 - Seagate Technology Reports Fiscal First Quarter 2010 Results

View Seagate-Technology related news. SCOTTS VALLEY, Calif. - October 20, 2009 - Seagate Technology (NASDAQ: STX) today reported financial results for the quarter ended October 2, 2009 of 46.3 million disk drive unit shipments, revenue of $2.66 billion, gross margin of 24.5%, net income of $179 million and diluted earnings per share of $0.35. The financial results for the quarter include $10 million of purchased intangibles amortization, $46 million of restructuring and a write down of long-lived assets of $64 million. The aggregate impact of these items is $120 million or approximately $0.23 per share.

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NID: 30682 / Submitted by: TACKtech Team
Categories: Press Release
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