Reuters: Technology News: Seagate results miss expectations on supplier issue

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Seagate results miss expectations on supplier issue Jul 30th 2012, 20:53 Mon Jul 30, 2012 4:24pm EDT (Reuters) - Hard drive maker Seagate Technology Plc's fourth-quarter profit rose nearly nine fold to $1.01 billion. Excluding items, the company earned $2.41 per share. Revenue for the three-month period ended June 29 increased 57 percent to $4.48 billion. Analysts on average had expected a profit of $2.51 per share on $4.56 billion in revenue, according to Thomson Reuters I/B/E/S.

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