Western Digital (WDC) Posts Q2 Loss, Tops Revenue Estimates

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 ...