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Shares of Western Digital Edge Higher After Mixed Q1 Results

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After market close on Wednesday, Western Digital (NASDAQ: WDC) have moved higher by 0.90 percent to $88.87 after the company reported mixed third quarter results.

Earnings per share came in at $1.94 per share, beating analyst estimates of $1.88. Revenue came in at $3.70 billion, missing estimates of $3.73 billion. Revenue decreased two percent year over year.

"Cash generation remained strong. Our steady financial performance continues to demonstrate an ability to manage the business and deliver ongoing value to our customers and shareholders,” said President and CEO Steve Milligan.

 

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Posted-In: Steve MilliganEarnings News

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