Western Digital (WDC) posts FQ3 earnings, revenue beat; shares down
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Western Digital Reports Fiscal Third Quarter 2024 Financial Results
April 25, 2024 4:05 PM EDTNews Summary
Third quarter revenue was $3.46 billion, up 14% sequentially (QoQ). Cloud revenue increased 45% (QoQ), Client revenue increased 5% (QoQ) and Consumer revenue decreased (13)% (QoQ). Third quarter GAAP earnings per share (EPS) was $0.34 and Non-GAAP EPS was $0.63, which includes underutilization-related charges in HDD. Expect fiscal fourth quarter 2024 revenue to be in the range of $3.60 billion to $3.80 billion. Expect Non-GAAP EPS in the range of $0.90 to $1.20.SAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (Nasdaq: WDC) today reported fiscal third quarter 2024 financial results.
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