Western Digital (WDC) to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets
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Go back to Western Digital (WDC) to Form Two Independent Public Companies Focused on Data Storage Growth in HDD and Flash Markets
October 30, 2023 8:34 AM EDT
(Updated - October 30, 2023 9:09 AM EDT)
Western Digital (NASDAQ: WDC) shares surged more than 13% premarket Monday after the company announced it would split its HDD and Flash businesses. The company also reported earnings, which topped consensus expectations.
The news of the split up of WDC's HDD and Flash businesses comes days after talks of a merger with Japan's Kioxia stalled. The company said it will create two... More
October 30, 2023 8:05 AM EDT
Western Digital (NASDAQ: WDC) reported Q1 EPS of ($1.76), $0.15 better than the analyst estimate of ($1.91). Revenue for the quarter came in at $2.75 billion versus the consensus estimate of $2.66 billion.
GUIDANCE:
Western Digital sees Q2 2024 EPS of ($1.35)-($1.05), versus the consensus of ($1.39).... More
