Seagate Technology Plc (NASDAQ: STX), a provider of electronic data storage products, after-market close on Monday reported better-than-expected second-quarter results. However, the company gave a disappointing outlook for the third quarter, sending shares down sharply in pre-market trading today.
Continue reading Seagate’s Q2 Profit Beats Forecast; Shares Slip as Outlook Disappoints (STX)
Shares of Alcoa Inc. (NYSE: AA) gained on Tuesday. The aluminum giant, whose results are considered as an economic bellwether, swung into profit in the fiscal fourth quarter. Earnings after excluding onetime gains were in line with analysts’ expectation. The Company also boosted its outlook on global aluminum demand for 2013. Alcoa now expects global aluminum demand will grow by 7 percent in 2013, up from its previous projection of 6.5 percent growth.
Continue reading Major Movers on January 9; AA, CLWR, DISH, S, APOL, FB, NUVA, STX
Shares of Seagate Technology Plc (NASDAQ: STX), a provider of electronic data storage products, have risen sharply in early trading today after the company reported preliminary second-quarter financial results.