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Western Digital Tanks after First-Quarter Results

Adam Rogers
Western Digital Tanks after First-Quarter Results

Western Digital (WDC) announced its first quarter of fiscal 2019 results on October 25. The company reported revenue of $5.03 billion and non-GAAP (generally accepted accounting principles) EPS of $3.04. Analysts had estimated revenue of $5.14 billion in the first quarter with EPS of $3.04. While WDC met analyst estimates for the quarter, the company’s sales were below estimates.