© Reuters Western Digital Earnings Miss, Revenue Beats In Q1
Investing.com – Western Digital (NASDAQ:) reported on Thursday first quarter that missed analysts’ forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $0.20 on revenue of $3.74. Analysts polled by Investing.com anticipated EPS of $0.41 on revenue of $3.64B.
Western Digital shares are down 11% from the beginning of the year, still down 47.58% from its 52 week high of $69.36 set on January 5.
Western Digital shares gained 3.06% in intra-day trade following the report.
Western Digital follows other major Information Technology sector earnings this month
Western Digital’s report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, compared to forecasts EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, compared to forecast for EPS of $1.87 on revenue of $7.57B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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