Seagate Technology Q4 Profit Decreases - Quick Facts

(RTTNews) - Seagate Technology plc (STX) reported fourth quarter net income of $138 million or $0.43 per share compared to $320 million or $0.95 per share, last year. On a non-GAAP basis, net income was $250 million or $0.77 per share, for the quarter.

On average, 20 analysts polled by Thomson Reuters expected the company to report profit per share of $0.64 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $2.93 billion, compared to $3.30 billion, a year ago. Analysts expected revenue of $2.92 billion for the quarter.

The Board of Seagate has approved a quarterly cash dividend of $0.54 per share, which will be payable on August 25, 2015 to shareholders of record as of the close of business on August 11, 2015.