Seagate and Snap blame economy for weak financial reports that crash shares [TechSpot]

View Article on TechSpot

Seagate has pointed to the familiar problem of “weakening global economic conditions” for its disappointing revenue forecast of $2.35 billion in the current period—analysts were expecting $3 billion. Profit, meanwhile, is expected to be around $1.40 per share, much lower than average estimates of $2.27.