-=Seagate Tech (STX) reported earnings on Tue 1 May 2018 (b/o)

Seagate Tech beats by $0.13, beats on revs; Board approves $0.63 per share dividend 

• Reports Q3 (Mar) earnings of $1.46 per share, excluding non-recurring items, $0.13 better thanthe Capital IQ Consensus of $1.33; revenues rose 4.8% year/year to $2.8 bln vs the $2.75 bln Capital IQ Consensus.
  • Reported gross margin of 30.8%, net income of $424 million
• Board has approved a quarterly cash dividend of $0.63 per share, which will be payable on July 5, 2018 to shareholders of record as of the close of business on June 20, 2018.