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What: Seagate Technology
So what: For its just-completed quarter, EPS of $0.28 handily beat the $0.25 consensus estimate. But for the current quarter, management guided to EPS of $0.29 to $0.33, well below the $0.44 consensus estimate and EPS of $0.37 in the year-earlier quarter.
Now what: Revenue guidance for the current quarter was in line with expectations, but the cost of certain rare earth materials sourced from China has soared dramatically and become quite volatile in recent months. While management stated it thinks there is currently a bubble for those materials, the situation adds an element of unpredictability -- in both directions -- to Seagate's outlook. What's more, yesterday evening Intel
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Fool contributor Cindy Johnson does not own shares of any company named above. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.