Seagate Lifts Revenue Expectation for Q2

Seagate (NASDAQ: STX  ) has released several of its preliminary results for Q2 of its fiscal 2013, the company detailed in an official news release.  The company said it expects at least $3.6 billion in revenue and a gross margin exceeding 27%. Roughly speaking, that would translate into a dollar figure of at least $972 million.

The new revenue estimate is slightly higher than the $3.5 billion the company had previously anticipated. The revised gross margin figure is at the low end of its previously announced range of 27%-32%.

Seagate shares were up slightly in after-hours trading following the announcement. The company is to report a full set of Q2 results in a conference call on Jan. 28.


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