Western Digital Earnings Miss, Revenue Inline In Q3

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Western Digital announced earnings per share of $0.85 on revenue of $4.18B. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $4.18B. That with comparison to EPS of $0.17 on revenue of $3.67B in the same period a year before. Western Digital had reported EPS of $0.62 on revenue of $4.23B in the previous quarter. Analysts are expecting EPS of $1.22 and revenue of $4.29B in the upcoming quarter.

Western Digital shares are down 27% from the beginning of the year , still down 35.97% from its 52 week high of $72.00 set on January 23. They are under-performing the S&P 500 which is down 10.34% year to date.

Western Digital shares gained 0.87% in after-hours trade following the report.

Western Digital’s report follows an earnings beat by Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.29 on revenue of $33.99B.

Alphabet C had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.26 on revenue of $40.99B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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