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Seagate Falls After Earnings Top Estimates but Gross Margins Decline

Maylan Studart

fell 0.9% to close at $45.14 % in Tuesday's trading after the company beat on earnings and revenue but said it sees a more difficult geopolitical environment ahead. The data storage multinational reported fiscal second-quarter net income of $384 million, or $1.34 per share, compared with $159 million, or 55 cents per share, in the year-ago quarter. Adjusted earnings per share were $1.41.