Western Digital Corporation (WDC) reported second-quarter fiscal 2024 non-GAAP loss of 69 cents per share, narrower than the Zacks Consensus Estimate of a loss of $1.13. The company reported a loss of 42 cents in the prior-year quarter.Management anticipated fiscal second-quarter non-GAAP loss per share to be between $1.05 and $1.35. Revenues of $3.032 billion beat the Zacks Consensus Estimate by 1.6%. However, the top line decreased 2% year over year owing to weak performance across Cloud end markets. On a ...

Western Digital Corporation (NASDAQ:WDC) Q2 2024 Earnings Conference Call January 25, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President, Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Chief Financial Officer Conference Call Participants Joe Moore - Morgan Stanley Aaron Rakers - Wells Fargo CJ Muse - Cantor Fitzgerald Karl Ackerman - BNP Paribas Tom O'Malley - Barclays Krish Sankar - TD Cowen Wamsi Mohan - Bank of America Mehdi ...

Fiscal Second Quarter 2024 Financial Results Western Digital January 25, 2024 2 © 2024 WESTERN DIGITAL CORPORATION OR ITS AFFILIATES ALL RIGHTSRESERVED Forward Looking Statements SAFE HARBOR ...

Western Digital Corp.’s WDC, +3.96% stock declined nearly 4% in after-hours trading Thursday after the company posted quarterly results. Western Digital reported a fiscal second-quarter net loss of $268 million, or 87 cents a share, compared with a net loss of $446 million, or $1.40 a share, in the same quarter a year ago. Adjusted earnings were a loss of 69 cents a share. Revenue dipped 2% to $3.03 billion from $3.11 billion in the year-ago quarter. Analysts surveyed by FactSet had expected on average a n ...

Western Digital (WDC) is scheduled to report second-quarter fiscal 2024 results on Jan 25.For the to-be-reported quarter, management projects non-GAAP loss per share to be between $1.05 and $1.35. The Zacks Consensus Estimate is pegged at a loss of $1.13. WDC reported loss per share of 42 cents in the prior-year quarter.Western Digital expects non-GAAP revenues in the range of $2.85-$3.05 billion. The consensus estimate is currently pegged at $2.99 billion, indicating a decline of 3.7% from the prior-year q ...

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Western Digital Stock Is Rising on 2 Upgrades. Why The Street Is More Bullish. ...

Computer hardware stock Western Digital Corp (NASDAQ:WDC) is 3.8% higher before the bell after two big upgrades this morning. Deutsche Bank upgraded WDC to "buy" from "hold" and hiked its price target by $20 to $65, encouraged by the company's NAND flash chip pricing improving faster than expected. The brokerage sees Western Digital's second-quarter results finishing at the higher end of forecasts.In addition, Barclays upgraded Western Digital stock to "overweight" from "equal weight" and also raised its pr ...

Western Digital Corporation (NASDAQ:WDC) Barclays Global Technology Conference December 6, 2023 11:05 AM ET Company Participants Wissam Jabre - CFO David Goeckeler - CEO Conference Call Participants Thomas O'Malley - Barclays Bank Thomas O'Malley Perfect. Good morning, everyone. I'm Tom O'Malley, Semi and Semi-Cap Analyst here at Barclays. I just want to welcome everyone to the Barclays Tech Conference here. First, on the day, Western Digital, we've got David Goeckeler, CEO; Wissam Jabre, CFO. Thank you bot ...

Western Digital Corporation (NASDAQ:WDC) UBS Global Technology Conference November 29, 2023 1:35 PM ET Company Participants Wissam Jabre - Chief Financial Officer David Goeckeler - Chief Executive Officer Conference Call Participants Timothy Arcuri - UBS Timothy Arcuri Good afternoon. Actually, it's probably still morning, but good morning. I'm Tim Arcuri. I'm the semiconductor analyst here at UBS. As the next session, very pleased to have Western Digital, and we're very pleased to have both David Goeckeler ...