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Seagate: Fiscal 3Q Earnings Snapshot

DUBLIN (AP) _ Seagate Technology PLC (STX) on Tuesday reported fiscal third-quarter profit of $195 million.

On a per-share basis, the Dublin-based company said it had profit of 69 cents. Earnings, adjusted for amortization costs and restructuring costs, came to 83 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The electronic storage maker posted revenue of $2.31 billion in the period, which met Street forecasts.

Seagate shares have increased 16% since the beginning of the year, while the Standard & Poor's 500 index has increased 17%. The stock has declined 25% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on STX at https://www.zacks.com/ap/STX