Western Digital Sees Q1 Revenue $2.55B-$2.75B vs $2.75B Est.
Portfolio Pulse from Benzinga Newsdesk
Western Digital has projected its Q1 revenue to be between $2.55 billion and $2.75 billion, which is lower than the estimated $2.75 billion.
July 31, 2023 | 8:24 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Western Digital's Q1 revenue projection is lower than the estimated $2.75 billion, which could negatively impact its stock price.
Companies' stock prices often react to their earnings forecasts. In this case, Western Digital's lower than expected Q1 revenue projection could lead to a decrease in its stock price as it indicates potential financial underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100