Seagate Misses Views, Cuts Workforce| Investor’s Business Daily
October 26, 2022 by keithhill530
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[ad_1] Seagate Technology (STX) early Wednesday reported fiscal first-quarter results that missed estimates on earnings and said it will cut its workforce by 8%. STX stock plunged on the news. The disk drive manufacturer reported adjusted earnings of 48 cents a share on revenue of $2.04. billion. Analysts expected Seagate to report adjusted earnings of