Oct 26 (Reuters) - Computer hard drive maker Seagate Technology (STX.O) forecast second-quarter revenue below estimates on Thursday, a sign that demand stays weak for its data storage products amid a PC market slump.
Seagate expects revenue for the current quarter to be $1.55 billion, plus or minus $150 million, the midpoint of which was below estimates of $1.61 billion, according to LSEG data.
The June-September period, which analysts say is usually a weak quarter, saw revenue of $1.45 billion, compared with $2.04 billion, a year earlier.
Seagate reported a net loss of $184 million, or 88 cents per share, compared with a profit of $29 million, or 14 cents per share, a year ago.
It expects a second-quarter adjusted loss of 10 cents per share, plus or minus 20 cents, compared with analysts' estimates of a loss of 1 cent.
Harshita Mary Varghese, Shweta Agarwal
Seagate Technology, Seagate, Western, Thomson