Western Digital Reports Fiscal First Quarter 2022 Financial Results
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Western Digital (WDC) Stock Plunges on Weak Guidance Driven by Supply Chain Issues and COVID-related Costs, Seen as a 'Messy' Quarter All Around
October 29, 2021 6:49 AM EDTShares of Western Digital (NASDAQ: WDC) are down over 11% in pre-open Friday after the company reported its FQ1 results and guidance.
Western Digital reported FQ1 EPS of $2.49 to easily beat the analyst estimate of $2.11. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.36 billion.
Strong demand across diverse end markets, particularly for our cloud products, combined with Western Digitals strong innovation engine, broad routes to market and sharpened execution, enabled us to deliver solid results within our guidance... More
Western Digital (WDC) Stock Sinks 10% Following Q1 Beat & Mixed Guidance
October 28, 2021 6:10 PM EDTWestern Digital (NASDAQ: WDC) shares were trading more than 10% lower after-hours following the companys reported Q1 results, with EPS coming in at $2.49, beating the Street estimate of $2.11. Quarterly revenue grew 29% year-over-year to $5.1 billion (vs. Streets $4.36 billion), with Cloud revenue up 72%, Client revenue up 6%, and... More
Western Digital (WDC) Tops Q1 EPS by 38c, Revenue Beats, Guidance Mixed
October 28, 2021 4:09 PM EDTWestern Digital (NASDAQ: WDC) reported Q1 EPS of $2.49, $0.38 better than the analyst estimate of $2.11. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.36 billion.
GUIDANCE:
Western Digital sees Q2 2022 EPS of $1.95-$2.25, versus the consensus of... More
