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Western Digital announced earnings per share of $1.78 on revenue of $4.53B. Analysts polled by Investing.com anticipated EPS of $1.74 on revenue of $4.58B.
Western Digital shares are down 23% from the beginning of the year, still down 28.69% from its 52 week high of $69.99 set on August 25, 2021. They are under-performing the Nasdaq which is down 18.69% from the start of the year.
Western Digital shares lost 6.17% in pre-market trade following the report.
Western Digital’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
