Seagate estimates disappointing rev as demand falls in China
April 14, 2016 5:54 am
Seagate Technology Plc, a hard-disk drive maker, estimated a disappointing 3rd-quarter revenue and adjusted gross margin as demand for its products fell in China.
Seagate, which estimated revenue of about $2.6 billion and adjusted gross margin of 23 percent for the quarter ended April 1, also cited its decision to not aggressively participate in the low-capacity notebook market.
The company estimated about $2.7 billion and adjusted gross margin of about 25.6% for the quarter.
The material has been provided by InstaForex Company – www.instaforex.com
Seagate Technology Plc, a hard-disk drive maker, estimated a disappointing 3rd-quarter revenue and adjusted gross margin as demand for its products fell in China.
Seagate, which estimated revenue of about $2.6 billion and adjusted gross margin of 23 percent for the quarter ended April 1, also cited its decision to not aggressively participate in the low-capacity notebook market.
The company estimated about $2.7 billion and adjusted gross margin of about 25.6% for the quarter.
The material has been provided by InstaForex Company – www.instaforex.com
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