Western Digital (WDC) Tops Q3 EPS by 25c

Western Digital (NASDAQ: WDC) reported Q3 EPS of $2.39, $0.25 better than the analyst estimate of $2.14. Revenue for the quarter came in at $4.6 billion versus the consensus estimate of $4.57 billion.

"We reported strong financial performance in the March quarter, enabled by excellent operational execution by our team in a healthy market environment with good demand for all NAND based products, as well as for capacity enterprise and client hard drives,” said Steve Milligan, chief executive officer. “We also achieved targeted cost and efficiency improvements and improved our liquidity position with strong cash flow generation.

“With three consecutive quarters of strong financial results since completing the SanDisk acquisition, we are seeing continued validation of our growth strategy and our ongoing transformation into a comprehensive provider of diversified storage products and technologies. We have constructed a powerful platform with the broadest set of products, enabling us to be a leader in the storage industry. Our transformation provides us with the opportunity to not only compete in today’s marketplace but also to be positioned to grow and thrive into the future.”

For earnings history and earnings-related data on Western Digital (WDC) click here.

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