Buy Weakness in Western Digital (WDC) - Susquehanna
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Western Digital Announces Financial Results For First Quarter Fiscal 2016
October 28, 2015 4:15 PM EDTIRVINE, Calif., Oct. 28, 2015 /PRNewswire/ -- Western Digital® Corp. (NASDAQ: WDC) today reported revenue of $3.4 billion and net income of $283 million, or $1.21 per share, for its first fiscal quarter ended Oct. 2, 2015. On a non-GAAP basis, net income was $366 million, or $1.56 per share. In the year-ago quarter, the company reported revenue of $3.9 billion and net income of $423 million, or $1.76 per share. Non-GAAP net income in the year-ago quarter was $504 million, or $2.10 per share.
The company generated $545 million in cash from operations during the first fiscal quarter, ending with total cash and cash... More
