Investing.com - Western Digital (NASDAQ:WDC) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $0.65 on revenue of $3.92B. Analysts polled by Investing.com anticipated EPS of $0.55 on revenue of $3.84B.
Western Digital shares are down 38% from the beginning of the year and are trading at $40.65 , down-from-52-week-high.They are under-performing the S&P 500 which is up 1.24% from the start of the year.
Western Digital shares gained 4.66% 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 Tuesday, who reported EPS of $1.82 on revenue of $37.15B, compared to forecasts EPS of $1.54 on revenue of $35.76B.
Taiwan Semiconductor had beat expectations on Wednesday, October 14, 2020 with third quarter EPS of $0.92 on revenue of $12.4B, compared to forecast for EPS of $0.84 on revenue of $11.84B.
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