Western Digital profits, record revenues in the first quarter

Investing.com – Western Digital (NASDAQ:WDC) on Wednesday reported first-quarter earnings that topped analyst expectations and revenue topped forecasts.

The company reported earnings per share of $0.34 on revenue of $4.04 billion. Analysts polled by Investing.com expected EPS of $0.3 on revenue of $3.92 billion. This compared to EPS of $3.04 on revenue of $5.03 billion in the same period a year earlier. In the previous quarter, the company saw EPS of $0.17 on revenue of $3.63 billion.

Following the report, Western Digital shares lost 8.14% to close at $57.10 in after-hours trading.

Western Digital is tracking the performance of other major technology sectors this month

On October 23, Microsoft observed Q1 EPS of $1.38 on revenue of $33.06 billion compared to forecasts for EPS of $1.25 on revenue of $32.15 billion.

On Monday, Alphabet C’s earnings were below analyst expectations, with third-quarter EPS of $10.12 and revenue of $40.5 billion. Investing.com analysts expected EPS of $12.28 on revenue of $40.3 billion

Stay up to date with all upcoming earnings reports by visiting the earnings calendar on Investing.com

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