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Western Digital Results Beat in Q1, but Guidance Misses

Western Digital Earnings, Revenue Beat in Q1

By Yasin Ebrahim – Western Digital (NASDAQ:WDC) reported Thursday first-quarter results that topped expectations, but guidance for the current quarter missed estimates.

Western Digital shares lost 8.44% in after-hours trade following the report.

Western Digital announced earnings per share of $2.49 on revenue of $5.1 billion. Analysts polled by anticipated EPS of $2.45 on revenue of $5.06 billion.

For fiscal Q2, Western Digital guided EPS in the range of $1.95 to $2.25 on revenue between $4.7 billion and $4.9 billion, missing estimates of $2.67 and $5.27 billion, respectively.

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