Western Digital (WDC) Misses Q3 EPS by 8c

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Go back to Western Digital (WDC) Misses Q3 EPS by 8c

Western Digital Announces Financial Results For Third Fiscal Quarter 2016

April 28, 2016 4:17 PM EDT

IRVINE, Calif., April 28, 2016 /PRNewswire/ -- Western Digital® Corp. (NASDAQ: WDC) today reported revenue of $2.8 billion and net income of $74 million, or $0.32 per share, for its third fiscal quarter ended Apr. 1, 2016. On a non-GAAP basis, net income was $283 million, or $1.21 per share. In the year-ago quarter, the company reported revenue of $3.5 billion and net income of $384 million, or $1.63 per share. Non-GAAP net income in the year-ago quarter was $441 million, or $1.87 per share.

The company generated $485 million in cash from operations during the third fiscal quarter, ending with total cash and cash... More