Seagate Surges Nearly 5% in Premarket as Q4 Revenue Grows 50%, Gross Margin Breaks 50%

STX-8.58%
Seagate Technology stock jumped nearly 5% in premarket trading on July 29 after reporting stronger-than-expected Q4 results. The company posted revenue growth of approximately 50% compared to the prior quarter, while gross margin surged above 50%. Management provided a positive guidance outlook for the upcoming period.
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