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Western Digital forecasts larger quarterly loss after Q4 results top estimates

AuthorYasin Ebrahim
Published 01/08/2023, 06:34 am
© Reuters.
WDC
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Investing.com --  Western Digital on Monday guided for a larger loss in the current quarter after reporting quarterly results that topped Wall Street estimates.  

Western Digital Corporation (NASDAQ:WDC) slumped fell more than 1% in after-hours trade.

Western Digital reported an adjusted loss of $1.98 on revenue of $2.70 billion. Analysts polled by Investing.com anticipated a loss of $2.02 on revenue of $2.53B.

For fiscal Q1, Western Digital guided a loss in the range of $1.80 per share to $2.10 per share on revenue between $2.55B and $2.75B, missing estimates of $1.43 and $2.26B, respectively.

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