SCOTTS VALLEY (dpa-AFX) - 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.
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