Shares of disk-drive maker Seagate Technlogy Plc surged 12% in early trade Monday, after the company handily beat earnings estimates for its fiscal first quarter. Seagate said it had net income of $181 million, or 62 cents a share, in the quarter, up from $167 million, or 55 cents a share, in the year-earlier period. Adjusted per-share earnings came to 96 cents, a full 10 cents ahead of the 86 cents FactSet consensus. Revenue edged down to $2.632 billion from $2.797 billion, but was ahead of the FactSet consensus of $2.540 billion. Shares are down 8% in 2017, while the S&P 500 has gained 15%.
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