Recap: Western Digital Q3 Earnings

Western Digital WDC reported its Q3 earnings results on Thursday, April 28, 2022 at 04:01 PM.

Here's what investors need to know about the announcement.

Earnings

Western Digital beat estimated earnings by 17.02%, reporting an EPS of $1.65 versus an estimate of $1.41.

Revenue was up $244.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.43 which was followed by a 7.32% drop in the share price the next day.

Here's a look at Western Digital's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Western Digital management provided guidance for Q4 2022, expecting earnings between $1.6 and $1.9 per share.

To track all earnings releases for Western Digital visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.