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Seagate Technology PLC

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Seagate Technology Holdings PLC declined 7.6% to $58.11 after the disk maker reported weak quarterly results.

Revenue in the fiscal third quarter ending in March declined to $1.8 billion from $2.8 billion and the company swung to a net loss of $433 million from $346 million and diluted earnings per share was ($2.09) compared to $1.56 a year ago.

The company also announced a restructuring plan to reduce its cost structure in the face of market weakness. The plan is expected to be completed by the year's end and cost $150 million.

Seagate forecasted venue in the fiscal fourth quarter decline to $1.7 billion with a band of $150 million and non-GAAP loss per share of 20 cents with a band of 20 cents.
Apr 20, 2023

Year	Sep	Dec	Mar	Jun	Annual

2023	-2.09	-0.45	-0.88	-	-2.56
2022	-	7.36	0.14	-0.16	7.36
2021	-	5.36	-	4.50	5.36
2020	1.22	0.63	0.86	1.12	3.79
2019	0.69	3.49	0.74	1.2	6.12
2018	1.31	1.57	1.54	1.34	7.06
2017	1.10	0.65	0.96	1.48	4.19
2016	0.22	0.69	0.99	1.38	3.28
2015	1.08	0.77	0.54	0.82	3.21
2014	1.13	2.78	1.17	0.95	4.52
2013	1.16	1.24	1.13	0.96	4.81
2012	1.42	1.30	2.48	2.41	6.49
2011	0.32	1.28	0.21	0.26	1.09
2010	0.31	0.31	1.00	0.76	3.14
2009	0.35	1.03	-0.56	-0.16	-6.4
2008	0.12	-5.80	0.65	0.32	2.34
2007	0.64	0.73	0.37	0.93	1.56
2006	0.03	0.23	0.53	-0.04	1.6
2005	0.54	0.57	0.45	0.56	1.41