Investing.com - Western Digital (NASDAQ:WDC) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Western Digital announced earnings per share of $1.23 on revenue of $4.29B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $4.34B.
Western Digital shares are down 29% from the beginning of the year and are trading at $41.14 , down-from-52-week-high.They are under-performing the S&P 500 which is up 3% from the start of the year.
Western Digital shares lost 7.49% in after-hours trade the report.
Western Digital follows other major Technology sector earnings this month
Western Digital's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.24B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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