Reports Q1 revenue $2.75B, consensus $2.65B. “Western Digital’s fiscal first quarter results exceeded our expectations as the team’s efforts to bolster business agility and develop differentiated and innovative products across a broad range of end-markets have resulted in sequential margin improvement across flash and HDD businesses,” said David Goeckeler, Western Digital CEO. “Our Consumer and Client end markets continue to perform well and we now expect our Cloud end market to grow going forward. Our improved cost structure positions Western Digital to capitalize on enhanced earnings power as market conditions continue to improve.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on WDC:
- Early notable gainers among liquid option names on October 30th
- Western Digital (NASDAQ:WDC) Soars on Plan to Split into Two Entities
- Options Volatility and Implied Earnings Moves Today, October 30, 2023
- WDC Upcoming Earnings Report: What to Expect?
- Western Digital (NASDAQ:WDC) Nosedives after Closed Merger Talks