Western Digital Corp (NASDAQ:WDC) stock is sliding today, down 9.5% at $60.70 at last glance, after the computer hardware name's fiscal fourth-quarter revenue miss and disappointing guidance. The company reported better-than-expected earnings of $1.44 per share, however, much better than the losses of $1.99 per share from the same quarter a year ago. Should these losses hold, WDC will mark its worst single-session percentage drop since December 2022. The negative price action has the stock hitting its lowes ...

Western Digital Corporation (WDC) reported fourth-quarter fiscal 2024 non-GAAP earnings of $1.44 per share, surpassing the Zacks Consensus Estimate by 14.3%. The company reported a loss of $1.99 per share in the prior-year quarter.For fiscal 2024, WDC reported a net loss of 20 cents per share, down 94% year over year.The company's diverse and innovative portfolio aligns well with its strategic roadmap, and the structural change implementations have strengthened operational efficiency, highlighted WDC.Revenu ...

Western Digital Corporation (NASDAQ:WDC) Q4 2024 Earnings Conference Call July 31, 2024 4:30 PM ET Company Participants Peter Andrew - Vice President of Financial Planning and Analyst and Investor Relations David Goeckeler - Chief Executive Officer Wissam Jabre - Executive Vice President & Chief Financial Officer Conference Call Participants C.J. Muse - Cantor Fitzgerald Joe Moore - Morgan Stanley Grant Joslin - UBS Aaron Rakers - Wells Fargo Karl Ackerman - BNP Paribas Amit Daryanani - Evercore Vijay Rakes ...

Western Digital (WDC) reported $3.76 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 40.9%. EPS of $1.44 for the same period compares to -$1.98 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.77 billion, representing a surprise of -0.18%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $1.26.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Exhibit 99.1 Western Digital Reports Fiscal Fourth Quarter and Fiscal Year 2024 Financial Results News Summary • Fourth quarter revenue was $3.76 billion, up 9% sequentially (QoQ). Cloud revenue increased 21% (QoQ), Client revenue increased 3% (QoQ) and Consumer revenue decreased 7% (QoQ). Fiscal year 2024 revenue was $13.00 billion. • Fourth quarter GAAP earnings per share (EPS) was $0.88 and Non-GAAP EPS was $1.44. Fiscal year 2024 GAAP EPS was $(1.72) and Non-GAAP EPS was $(0.20). • Expect fiscal first q ...

Western Digital Corp. (WDC) , a leading developer and manufacturer of data storage devices and solutions based on NAND flash and hard disk drive technologies, is set to report fourth-quarter fiscal 2024 results today after the closing bell. The stock price of Western Digital has surged 21.3% year to date, surpassing S&P 500’s rally of 14.7%. The stock has an Earnings ESP of +31.75% and sports a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.Our research shows ...

Western Digital Corporation (WDC) is scheduled to report fiscal fourth-quarter 2024 results on Jul 31.For the to-be-reported quarter, management projects non-GAAP earnings per share in the range of 90 cents to $1.20. The Zacks Consensus Estimate is pegged at earnings of $1.26 per share. WDC reported a loss per share of $1.98 in the prior-year quarter.Western Digital expects non-GAAP revenues in the range of $3.6-$3.8 billion. The consensus estimate is currently pegged at $3.77 billion, indicating an increas ...

Western Digital (WDC) has been beaten down lately with too much selling pressure. While the stock has lost 13.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator th ...

Wall Street analysts expect Western Digital (WDC) to post quarterly earnings of $1.26 per share in its upcoming report, which indicates a year-over-year increase of 163.6%. Revenues are expected to be $3.77 billion, up 41.1% from the year-ago quarter.Over the last 30 days, there has been an upward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this tim ...

JHVEPhotoWestern Digital Corp (NASDAQ:WDC) has emerged as one of the market's more interesting turnaround stories, marked by an improved growth and earnings outlook. Even amid the latest round of tech sector volatility, shares of WDC are still up more than 75% over the past year. The data storage giant recognized as a leader in flash and hard disk drives is set to report its fiscal Q4 earnings on July 31. The market will look at signs of continued operational and financial momentum, with themes like art ...