Ron Burgundy Posted October 27, 2014 Share Posted October 27, 2014 (Reuters) - Hard-disk drive maker Seagate Technology Plc's quarterly profit and revenue beat the average analyst estimate as demand increased for its personal computer and cloud storage products. Seagate shares were up 1.8 percent in premarket trading. The company gets about two-thirds of its revenue from original equipment manufacturer customers, including PC makers. Research firm IDC estimated earlier this month that worldwide PC shipments had fallen 1.7 percent in the quarter ended September — less than what analysts had feared, offset by a 4.3 percent growth in the United States. ... View the full article Quote Link to comment Share on other sites More sharing options...
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