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Seagate Technology Fiscal Q3 Non-GAAP Earnings, Revenue Rise; Q4 Guidance Set

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Seagate Technology (STX) reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier.

Analysts polled by FactSet expected $3.51.

Revenue for the quarter that ended April 3 was $3.11 billion, up from $2.16 billion a year earlier.

Analysts surveyed by FactSet expected $2.96 billion.

The company said it expects fiscal Q4 non-GAAP EPS of $5.00, plus or minus $0.20. Analysts expect $3.99.

Fiscal Q4 revenue is estimated to be $3.45 billion, plus or minus $100 million. Analysts expect $3.16 billion.

Shares of the company were up 12% in after-hours trading.

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