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Credit: Reuters/Luis D'Orey Tue Jan 31, 2012 6:23pm EST (Reuters) - Hard drive maker Seagate Technology's posted better-than-expected quarterly earnings on strong margins, and followed rival Western Digital Corp in signaling a recovery from the floods in Thailand. Last year's flooding in Thailand, the country's worst in decades, disrupted production at the world's No. 2 exporter of hard drives as factories and industrial estates were inundated. On January 23, Western Digital -- worst hit of the two from the floods -- reported better-than-expected quarterly results and forecast a strong current quarter. Seagate shipped 47 million hard drives, compared with 28.5 million units shipped by Western Digital for the October-December quarter. For the quarter, the company earned $563 million, or $1.28 a share. Excluding items, Seagate earned $1.32 a share, topping the $1.08 a share estimated by analysts, according to Thomson Reuters I/B/E/S. Revenue rose 17.5 percent to $3.2 billion, compared to analysts' average expectation of $3.15 billion. The company posted gross margins of 31.6 percent, up from 19.5 percent from a year ago. Shares of Seagate were up 6 pct in trading after the bell. They closed at $21.14 on the Nasdaq on Tuesday. Western Digital shares closed at $36.35 on the New York Stock Exchange. (Reporting by Himank Sharma and Abhiram Nandakumar in Bangalore; Editing by Sriraj Kalluvila) Tech Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. 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