Seagate Technology PLC Q2 Profit Advances

(RTTNews) - Seagate Technology PLC (STX) released earnings for its second quarter that increased from the same period last year

The company's bottom line totaled $501 million, or $2.23 per share. This compares with $280 million, or $1.12 per share, in last year's second quarter.

Excluding items, Seagate Technology PLC reported adjusted earnings of $543 million or $2.41 per share for the period.

The company's revenue for the quarter rose 19.1% to $3.12 billion from $2.62 billion last year.

Seagate Technology PLC earnings at a glance (GAAP) :

-Earnings (Q2): $501 Mln. vs. $280 Mln. last year. -EPS (Q2): $2.23 vs. $1.12 last year. -Revenue (Q2): $3.12 Bln vs. $2.62 Bln last year.

-Guidance: Next quarter EPS guidance: $1.80 - $2.20 Next quarter revenue guidance: $2.75 - $3.05 Bln