Western Digital Earnings, Revenue Miss in Q3
Investing.com - Western Digital (NASDAQ:WDC) reported third quarter earnings that missed analysts' expectations on Monday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.17 on revenue of $3.67B. Analysts polled by Investing.com forecast EPS of $0.46 on revenue of $3.68B. That compared to EPS of $3.63 on revenue of $5.01B in the same period a year earlier. The company had reported EPS of $1.45 on revenue of $4.23B in the previous quarter.
Western Digital shares lost 6.99% to trade at $46.94 in after-hours trade following the report.
Western Digital follows other major Technology sector earnings this month
On Wednesday, Microsoft reported third quarter EPS of $1.14 on revenue of $30.57B, compared to forecasts of EPS of $1 on revenue of $29.88B.
Alphabet C earnings Beat analysts' expectations on Monday, with first quarter EPS of $11.9 on revenue of $36.34B. Investing.com analysts expected EPS of $10.53 on revenue of $37.3B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
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