Western Digital (WDC), Hutchinson (HTCH) Shares Higher Following Seagate (STX) Results
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Price: $373.44 -3.49%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +46.8%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 5.2%
Revenue Growth %: +46.8%
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Shares of Western Digital (NYSE: WDC) and Hutchinson Technologies (Nasdaq: HTCH) are seeing some positive action Wednesday following strong third-quarter numbers from peer Seagate (Nasdaq: STX).
After the market closed Tuesday, Seagate reported earnings of $2.64 per share on revs of $4.45 billion, beating views calling for EPS of just $2.11 and revs of $4.38 billion.
In early trading, Western Digital shares are up 4.6 percent while shares of Hutchinson are 4.7 percent better.
Also of note, Western Digital is scheduled for its quarterly release on April 26th, while Hutchinson is on the 24th of April.
After the market closed Tuesday, Seagate reported earnings of $2.64 per share on revs of $4.45 billion, beating views calling for EPS of just $2.11 and revs of $4.38 billion.
In early trading, Western Digital shares are up 4.6 percent while shares of Hutchinson are 4.7 percent better.
Also of note, Western Digital is scheduled for its quarterly release on April 26th, while Hutchinson is on the 24th of April.
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