Western Digital (WDC) Guides Q3 Below Views

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Western Digital Announces Financial Results For Second Quarter Fiscal 2016

January 28, 2016 4:16 PM EST

IRVINE, Calif., Jan. 28, 2016 /PRNewswire/ -- Western Digital® Corp. (NASDAQ: WDC) today reported revenue of $3.3 billion and net income of $251 million, or $1.07 per share, for its second fiscal quarter ended Jan. 1, 2016. On a non-GAAP basis, net income was $374 million, or $1.60 per share. In the year-ago quarter, the company reported revenue of $3.9 billion and net income of $438 million, or $1.84 per share. Non-GAAP net income in the year-ago quarter was $539 million, or $2.26 per share.

The company generated $598 million in cash from operations during the second fiscal quarter, ending with total cash and cash... More