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Western Digital (WDC) Misses Q3 EPS by 8c, Revs Beat

April 30, 2020 4:02 PM

Western Digital (NASDAQ: WDC) reported Q3 EPS of $0.85, $0.08 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $4.2 billion versus the consensus estimate of $4.18 billion.

“I joined Western Digital a little over a month ago because I have strong conviction in the digital transformation that is reshaping every industry, every company and how all of us live our daily lives,” said David Goeckeler, Western Digital CEO. “While I couldn’t have anticipated the unprecedented series of events that have transpired, I’m very proud of how the company has responded to an extremely dynamic environment with dedicated focus both on our employees’ safety as well as delivering our market leading technology to our customers. As the only company in the world to provide a broad array of NAND flash, Solid State Drives (SSD) and Hard Disk Drives (HDD) solutions, I’m confident our innovation will drive significant new value for customers around the world.”

GUIDANCE:

Western Digital sees Q4 2020 EPS of $1.00-$1.40, versus the consensus of $1.22. Western Digital sees Q4 2020 revenue of $4.25-4.45 billion, versus the consensus of $4.31 billion.

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

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