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Western Digital Earnings, Revenue Beat in Q3

Western Digital Earnings, Revenue Beat in Q3 © Reuters Western Digital Earnings, Revenue Beat in Q3

Investing.com – Western Digital (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that topped expectations.

Western Digital announced earnings per share of $1.65 on revenue of $4.38B. Analysts polled by Investing.com anticipated EPS of $1.49 on revenue of $4.34B.

Western Digital shares are down 19% from the beginning of the year, still down 32.72% from its 52 week high of $78.19 set on June 4, 2021. They are under-performing the S&P 500 which is down 10.04% from the start of the year.

Western Digital shares gained 1.12% in after-hours trade following the report.

Western Digital follows other major Information Technology sector earnings this month

Western Digital’s report follows an earnings beat by Apple on Thursday, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.43 on revenue of $94.15B.

Microsoft had beat expectations on Tuesday with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.01B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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