Seagate stock price jumps 19% after forecast beats; STX rides AI data demand
Seagate shares surged 19% to $442.93 in after-hours trading Wednesday after the company beat quarterly estimates and forecast stronger-than-expected revenue and profit for the next quarter. The company reported Q2 adjusted earnings of $3.11 per share on $2.83 billion in revenue, both above forecasts. Western Digital and Micron also rose sharply. Seagate announced a $0.74 per share dividend, payable April 8.