Seagate Technology results miss estimates

Seagate Technology Plc, a disk-drive maker that's in talks to go private, reported first-quarter profit and sales that missed analysts' estimates.

Net income in the period ended Oct. 1 fell to $149 million, or 31 cents a share, from $179 million, or 35 cents, Scotts Valley, Calif.-based Seagate said.

Sales rose 1.3 percent to $2.7 billion, also short of projections.