Seagate and Snap blame economy for weak financial reports that crash shares

Seagate has pointed to the familiar problem of "weakening global economic conditions" for its disappointing revenue forecast of $2.35 billion in the current period—analysts were expecting $3 billion. Profit, meanwhile, is expected to be around $1.40 per share, much lower than average estimates of $2.27.





from TechSpot
Read The Rest:techspot...