Western Digital Q4 EPS $(1.98) Beats $(2.00) Estimate, Sales $2.67B Beat $2.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Western Digital reported Q4 losses of $(1.98) per share, beating the analyst consensus estimate of $(2.00) by 1 percent. This is a 211.24 percent decrease over earnings of $1.78 per share from the same period last year. The company also reported quarterly sales of $2.67 billion, beating the analyst consensus estimate of $2.52 billion by 6.24 percent. This is a 40.99 percent decrease over sales of $4.53 billion the same period last year.

July 31, 2023 | 8:21 pm
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NEUTRAL IMPACT
Western Digital's Q4 earnings and sales beat estimates but are down significantly YoY. This mixed result could lead to uncertain market reactions.
While Western Digital beat analyst estimates for Q4, the significant YoY decreases in both earnings and sales could lead to mixed market reactions. Investors may be pleased with the beat but concerned about the overall downward trend.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100