Western Digital (NASDAQ:WDC) Slightly Misses Q1 Expectations And Stock Drops 10.2%
Leading data storage manufacturer Western Digital (NASDAQ: WDC) slightly missed analyst expectations in Q1 FY2022 quarter, with revenue up 28.7% year on year to $5.05 billion. Guidance for the next quarter also missed analyst expectations with revenues guided to $4.8 billion, or 8.37% below analyst estimates. Western Digital made a GAAP profit of $610 million, improving on its loss of $60 million, in the same quarter last year.... Continue Reading
Kayode Omotosho 2021/10/28 10:46pm
Leading data storage manufacturer Western Digital (NASDAQ: WDC) slightly missed analyst expectations in Q1 FY2022 quarter, with revenue up 28.7% year on year to $5.05 billion. Guidance for the next quarter also missed analyst expectations with revenues guided to $4.8 billion, or 8.37% below analyst estimates. Western Digital made a GAAP profit of $610 million, improving on its loss of $60 million, in the same quarter last year.... Continue Reading