Western Digital WDC reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.
Here's what investors need to know about the announcement.
Earnings
Western Digital missed estimated earnings by 53.49%, reporting an EPS of $0.2 versus an estimate of $0.43.
Revenue was down $1.31 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.1 which was followed by a 5.65% drop in the share price the next day.
Here's a look at Western Digital's past performance:
Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
---|---|---|---|---|
EPS Estimate | 1.68 | 1.41 | 1.87 | 2.10 |
EPS Actual | 1.78 | 1.65 | 2.30 | 2.49 |
Revenue Estimate | 4.49B | 4.05B | 4.25B | 4.33B |
Revenue Actual | 4.53B | 4.38B | 4.83B | 5.05B |
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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