Seagate Beats Street Forecast With Fiscal First-Quarter Profit of $181 Million


 
 
01:35 10/23/2017

Dublin, Ireland based Seagate Technology plc STX  today reported today reported financial results for the quarter ended September 29, 2017. For the first quarter, the Company reported revenue of $2.6 billion, gross margin of 28.0%, net income of $181 million and diluted earnings per share of $0.62. The data storage company saw its shares pop over 12 percent above its 200 day moving average of $39 on heavy volume. Keep this play on your watch list throughout the day for a possible push over the $40 mark and continuation as we approach closing bell.



Shares of California based food allergy company Aimmune Therapeutics, Inc. AIMT  popped over 35% today as investors await the presentation of data for peanut allergy at the American College of Asthma, Allergy and Immunology Annual Scientific Meeting, which will be held Oct. 26 to 30 in Boston, and the European Academy of Allergy and Clinical Immunology's Pediatric Allergy and Asthma Meeting, which is slated for Oct. 26 to 28 in London. AIMT is currently trading in blue sky territory and could continue rallying as we approach the presentation date.



Atossa Genetics Inc. ATOS  shares rallied over 20 percent as the company prepares to host a conference call to announce preliminary results from phase 1 study of oral Endoxifen on Wednesday, October 25, 2017 at 10am EDT. This could see momentum on this stock carry on into Tuesday’s trading session. Breaking the 200 day moving average of $0.77 before Tuesday could get things moving faster towards the $1 mark by Wednesday opening bell.


This article has been provided by a Chasing Markets contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of Chasing Markets.
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