Seagate Q3 profit swells nearly 20%

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Seagate Q3 profit swells nearly 20%

Seagate Technology said on Tuesday its fiscal third-quarter profit climbed almost 20%, driven by strong sales of its hard drives in notebook and consumer electronics applications.

Income for the quarter was $274 million, or 53 cents per share, up from $229 million, or 45 cents per share, last year. Revenue for the quarter ended March 31 was $2.3 billion, up 16 percent from $1.97 billion last year.

Read the complete story here. (Houston Chronicle)

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