Western Digital (WDC) Tops Q1 EPS by 7c

Western Digital (NASDAQ: WDC) reported Q1 EPS of $2.10, $0.07 better than the analyst estimate of $2.03. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.89 billion.

"We achieved solid revenue, gross margins and EPS in the September quarter, along with continued strong cash flow generation, as the company continued its crisp execution and consistent financial performance," said Steve Milligan, president and chief executive officer of Western Digital. "We were pleased to see strength and momentum in our capacity enterprise hard drive and flash platform solutions businesses. Our client and branded products businesses were seasonally strong as expected and our performance enterprise business was steady. Overall, we believe industry dynamics are stable in terms of supply and demand and inventory levels."

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

You May Also Be Interested In

• EU proposes to curb Airbnb and short-term rentals amid housing shortage
• Old Dominion Freight Line (ODFL) Reiterated at Buy by Stifel Amid Seasonally Softer Q4/Q1
• CIENA (CIEN) PT Lowered to $394 at UBS on Group Multiple Compression