Western Digital (WDC) Q3 Earnings & Revenues Beat Estimates

Western Digital Corporation (WDC) reported third-quarter fiscal 2024 non-GAAP earnings of 63 cents per share, much ahead of the Zacks Consensus Estimate of earnings of 21 cents. The company reported a loss of $1.36 per share in the prior-year quarter.Management anticipated fiscal third-quarter non-GAAP net income in the range of a loss of 10 cents to earnings of 20 cents.Revenues of $3.457 billion beat the Zacks Consensus Estimate by 3.9%. The top line increased 23% year over year owing to strong performanc ...