Western Digital Corp. (WDC) Tops Q4 EPS by 13c

Western Digital Corp. (NASDAQ: WDC) reported Q4 EPS of $1.85, $0.13 better than the analyst estimate of $1.72. Revenue for the quarter came in at $3.7 billion versus the consensus estimate of $3.57 billion.

"We achieved strong financial results in the June quarter, with better-than-anticipated revenue, healthy gross margin performance and continued strong cash flow generation," said Steve Milligan, president and chief executive officer. "We did so by addressing continued robust demand in gaming and stronger-than-expected demand in notebook PCs, demonstrating our flexibility and capability in high-volume businesses. We also saw strength in our performance enterprise business.

"Longer term, we remain excited about Western Digital's strong strategic position at the center of the storage ecosystem, which continues to expand, evolve and transform. The creation of digital data continues unabated and the strategic value of that content is increasing. With our deep insight and experience, we will continue to play a vital role in unlocking the value of data with innovative and industry-leading storage devices and solutions."

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

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