Western Digital Reports Strong Q4 Results, Guides Q1 Above Estimates
Portfolio Pulse from Erica Kollmann
Western Digital Corp (NASDAQ:WDC) reported strong Q4 results, beating analyst estimates with earnings of $1.44 per share and sales of $3.76 billion. Despite the positive results, shares are down 4.55% after-hours. The company provided an optimistic Q1 outlook, with earnings and revenue guidance above estimates.
July 31, 2024 | 9:02 pm
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Western Digital reported strong Q4 earnings and revenue, beating analyst estimates. Despite this, shares are down 4.55% after-hours. The company provided a positive Q1 outlook, with earnings and revenue guidance above estimates.
Western Digital's strong Q4 results and positive Q1 guidance indicate robust performance and future growth potential. However, the after-hours share price drop suggests market volatility or profit-taking. The overall impact is likely positive in the short term due to the strong financial performance and optimistic outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100