Seagate Tech Q1 profit tumbles to $60M at bizjournals.com (Wed 4:35pm) • Seagate Technology 1Q profit plunges 83 percent AP (Wed 4:32pm) • Seagate Technology earnings fall to $60 million at MarketWatch (Wed 4:13pm)
And where does it say "loss"? They actually earned 26c vs. average expectations of 22c. So they beat their own projections by 4 cents. STX got killed because their outlook was lowered and because they missed the revenue target. It looks to me that WDC also guided lower, but not by as much as STX. At any rate, I am a STX investor, but it looks like WDC is winning, at least for now.