Seagate Technology PLC Q1 adjusted earnings of $1.03 per share

(RTTNews) - Seagate Technology PLC (STX) reported earnings for first quarter that fell from the same period last year.

The company's earnings totaled $200 million, or $0.74 per share. This compares with $450 million, or $1.54 per share, in last year's first quarter.

Excluding items, Seagate Technology PLC reported adjusted earnings of $278 million or $1.03 per share for the period.

The company's revenue for the quarter fell 13.7% to $2.58 billion from $2.99 billion last year.

Seagate Technology PLC earnings at a glance:

-Earnings (Q1): $278 Mln. vs. $514 Mln. last year. -EPS (Q1): $1.03 vs. $1.76 last year. -Revenue (Q1): $2.58 Bln vs. $2.99 Bln last year.