Western Digital forecasts larger quarterly loss after Q4 results top estimates

Investing.com —  Western Digital on Monday guided for a larger loss in the current quarter after reporting fiscal fourth-quarter results that topped Wall Street estimates.  

Western Digital Corporation (NASDAQ:) slumped fell more than 1% in after-hours trade.

Western Digital an adjusted loss of $1.98 on revenue of $2.70 billion. Analysts polled by Investing.com anticipated a loss of $2.02 on revenue of $2.53B.

For fiscal Q1, Western Digital guided a loss in the range of $1.80 per share to $2.10 per share on revenue between $2.55B and $2.75B, missing estimates of $1.43 and $2.26B, respectively.