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Seagate Sees 4Q Loss, Flat Demand

Stock quotes in this article: STX  

SCOTTS VALLEY, Calif. (AP) — Hard drive maker Seagate Technology said Tuesday it expects to post a net loss for its fiscal fourth quarter as disk drive demand will likely be "relatively flat" compared with the third quarter.

The company forecast a net loss of 37 cents to 47 cents per share for the April-June period, including restructuring and other charges of about 8 cents per share.

Analysts polled by Thomson Reuters are expecting a loss of 30 cents per share, excluding items. ...

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