04:44 PM EDT, 10/22/2024 (MT Newswires) -- Seagate Technology ( STX ) reported fiscal Q1 non-GAAP earnings late Tuesday of $1.58 per diluted share, compared with a loss of $0.22 a year earlier.

Analysts polled by Capital IQ expected $1.46.

Revenue for the quarter that ended Sept. 27 was $2.17 billion, up from $1.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.13 billion.

The company said it expects fiscal Q2 non-GAAP earnings of $1.65 to $2.05 per diluted share on revenue of $2.15 billion to $2.45 billion. Analysts polled by Capital IQ expected $1.69 a share on sales of $2.29 billion.

Shares traded 2% lower in after-hours activity.

Price: 109.50, Change: -3.14, Percent Change: -2.79