Seagate Shares Fall 6% Despite Fiscal Q1 Beat and Dividend Hike
Seagate shares fell 6% in overnight trading despite fiscal first-quarter results above expectations, a strong forecast and an increased quarterly dividend.
Seagate Technology (STX) shares fell 6% in overnight trading late Tuesday despite the data storage company reporting fiscal first-quarter results above expectations and issuing a strong forecast. Seagate also increased its quarterly dividend.Although STX shares, like other AI-linked stocks, have co…