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Western Digital announced earnings per share of $1.23 on revenue of $4.29B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $4.34B.
Western Digital shares are down 29% from the beginning of the year, still down 38.24% from its 52 week high of $72.00 set on January 23. They are under-performing the S&P 500 which is up 3% from the start of the year.
Western Digital shares lost 7.49% in after-hours trade following the report.
Western Digital’s report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
