Western Digital Fiscal Q2 Swings to Non-GAAP Earnings as Revenue Rises

MT Newswires Live
30 Jan

Western Digital (WDC) reported late Wednesday its fiscal Q2 swung to non-GAAP earnings of $1.77 per share from a loss of $0.75 a year earlier.

Analysts polled by FactSet expected earnings of $1.78.

Revenue for the quarter ended Dec. 27 was $4.29 billion, up from $3.03 billion a year earlier.

Analysts surveyed by FactSet expected $4.26 billion.

The company said it expects fiscal Q3 non-GAAP diluted earnings of $0.90 to $1.20 per share on revenue of $3.75 billion to $3.95 billion. Analysts surveyed by FactSet expect $1.45 and $3.98 billion, respectively.

Shares of the company were down 1.8% in after-hours activity.

Price: 61.67, Change: -1.13, Percent Change: -1.80

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