Seagate Technology beats earnings, but why did the stock plummet?
Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an EPS of $1.58—beating the forecasted $1.30—and revenue reaching $2.17 billion, above expectations of $2.13 billion, the market reacted negatively. Shares dropped by over 7% in early trading, raising questions about […]