Oct 26 (Reuters) – Computer hard drive maker Seagate Technology (STX.O) forecast second-quarter revenue below estimates on Thursday, a sign that demand stays weak for its data storage products amid a PC market slump.
Seagate expects revenue for the current quarter to be $1.55 billion, plus or minus $150 million, the midpoint of which was below estimates of $1.61 billion, according to LSEG data.
Seagate forecasts revenue below estimates amid weak memory chip demand comes via ChinaTechNews.com.