declines

Seagate’s Stock Declines Despite Strong Earnings Performance

by
Seagate’s Stock Declines Despite Strong Earnings Performance

Seagate Technology (STX) stock experienced a decline in late Tuesday trading, despite the company reporting fiscal first quarter earnings and sales that surpassed expectations. The data storage company’s guidance for current quarter revenue also aligned with analyst projections. Seagate announced that it had earned an adjusted $1.58 per share on sales of $2.17 billion for … Read more

Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

by
Volvo’s Q3 adjusted profit declines beyond expectations, says Reuters

Swedish truck maker AB Volvo reported a larger than expected decrease in third-quarter adjusted operating profit, citing continued normalization of demand in most of its markets. Adjusted operating profit for the quarter was 14.1 billion crowns, down from 19.3 billion in the same period last year and below the average analyst forecast of 15.6 billion. … Read more