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JAN 28, 2013 - MarketWatch

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Seagate Tech's earning drop 12.6%

SAN FRANCISCO (MarketWatch) -- Seagate Technology on Monday reported a fiscal second-quarter profit of $492 million, or $1.30 a share, on $3.7 billion in revenue. During the same period a year ago, the hard-disk drive maker earned $563 million, or $1.28 a share, on sales of $3.2 billion. Excluding one-time items, Seagate would have earned $523 million, or $1.38 a share. Analysts surveyed by FactSet had forecast Seagate to earn $1.27 a share on $3.58 billion in revenue. The company also said it shipped 58 million disk-drive units in the quarter ended December 28. Seagate's shares rose 2.7% ... Read More

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