Western Digital Sees Q1 Adj. EPS $1.55-$1.85 Vs $1.18 Est.; Revenue $4.00B-$4.20B Vs $3.747B Est.
Portfolio Pulse from Benzinga Newsdesk
Western Digital has announced its Q1 adjusted EPS forecast of $1.55-$1.85, surpassing the estimated $1.18. Additionally, the company projects revenue between $4.00 billion and $4.20 billion, exceeding the estimated $3.747 billion.
July 31, 2024 | 8:15 pm
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Western Digital's Q1 adjusted EPS forecast of $1.55-$1.85 and revenue projection of $4.00B-$4.20B both exceed market estimates, indicating strong financial performance.
The higher-than-expected EPS and revenue forecasts suggest strong financial performance, likely leading to a positive short-term impact on WDC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100