After market close on Wednesday, Western Digital 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.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in