Investing.com - Western Digital (NASDAQ:WDC) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $2.49 on revenue of $5.1B. Analysts polled by Investing.com anticipated EPS of $2.45 on revenue of $5.06B.
Western Digital shares are up 15% from the beginning of the year and are trading at $52.50 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 22.42% from the start of the year.
Western Digital shares lost 8.44% 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 Alphabet C on Tuesday, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.84 on revenue of $63.47B.
Facebook had beat expectations on Monday with third quarter EPS of $3.22 on revenue of $29.01B, compared to forecast for EPS of $3.19 on revenue of $29.58B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar