Western Digital Earnings Beat, Revenue Misses In Q4 By Investing.com

© Reuters. Western Digital Earnings Beat, Revenue Misses In Q4

Investing.com – Western Digital (NASDAQ:) reported on Wednesday fourth quarter that beat analysts’ forecasts and revenue that fell short of expectations.

Western Digital announced earnings per share of $1.23 on revenue of $4.29B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $4.34B.

Western Digital shares are down 29% from the beginning of the year, still down 38.24% from its 52 week high of $72.00 set on January 23. They are under-performing the which is up 3% from the start of the year.

Western Digital shares lost 7.49% in after-hours trade following the report.

Western Digital follows other major Technology sector earnings this month

Western Digital’s report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.

Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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