Seagate Technology PLC Reveals Rise In Q3 Profit

(RTTNews) - Seagate Technology PLC (STX) reported a profit for its third quarter that rose from last year.

The company's bottom line totaled $381 million, or $1.31 per share. This compares with $194 million, or $0.65 per share, in last year's third quarter.

Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $2.80 billion from $2.67 billion last year.

Seagate Technology PLC earnings at a glance:

-Earnings (Q3): $381 Mln. vs. $194 Mln. last year. -EPS (Q3): $1.31 vs. $0.65 last year. -Analysts Estimate: $1.32 -Revenue (Q3): $2.80 Bln vs. $2.67 Bln last year.