Western Digital Earnings Beat, Revenue Misses In Q4
2022.08.05 15:22
Western Digital Earnings Beat, Revenue Misses In Q4
Investing.com – Western Digital (NASDAQ:WDC) reported on Friday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
Western Digital announced earnings per share of $1.78 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $4.58B.
Western Digital shares are down 23% from the beginning of the year, still down 28.69% from its 52 week high of $69.99 set on August 25, 2021. They are under-performing the Nasdaq which is down 18.69% from the start of the year.
Western Digital shares lost 6.17% in pre-market trade following the report.
Western Digital follows other major Information Technology sector earnings this month
Western Digital’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
