Investing.com - Western Digital (NASDAQ:WDC) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that was inline with expectations.
Western Digital announced earnings per share of $0.85 on revenue of $4.18B. Analysts polled by Investing.com anticipated EPS of $0.92 on revenue of $4.18B. That with comparison to EPS of $0.17 on revenue of $3.67B in the same period a year before.Western Digital had reported EPS of $0.62 on revenue of $4.23B in the previous quarter.Analysts are expecting EPS of $1.22 and revenue of $4.29B in the upcoming quarter.
Western Digital shares are down 27% from the beginning of the year and are trading at $46.50 , down-from-52-week-high.They are under-performing the S&P 500 which is down 10.34% year to date.
Western Digital shares gained 0.87% 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 Microsoft on Wednesday, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.29 on revenue of $33.99B.
Alphabet C had missed expectations on Tuesday with first quarter EPS of $9.87 on revenue of $41.16B, compared to forecast for EPS of $10.26 on revenue of $40.99B.
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