Skip to main content

Market Overview

Western Digital Beats On Earnings, Offers Weak Guidance


Western Digital (NASDAQ: WDC) declined in Wednesday's after-hours trading session by 1.92 percent. This was mostly driven by outlook that missed expectations.

The company reported Non-GAAP EPS of $1.84 vs $1.73 analyst consensus estimate for FY Q4 2014. Western Digital beat Non-GAAP EPS by $.11.

Western Digital reported a beat on top line results for FY Q4 2014; the company reported revenue of $3.75 billion, which was higher than the consensus revenue estimate of $3.7 billion for FY Q4 2014.

Analyst consensus EPS estimate for Q1 FY 2015 was $2.06; Western Digital's EPS outlook for the same quarter was $1.95-$2.05. Currently the analyst consensus is at the very upper-end of Western Digital's guidance range, therefore earnings outlook disappointed.

Western Dighital's revenue range of $3.8 to $3.9 billion for Q1 FY 2015 was in-line with analyst expectations of $3.84 billion.

President and CEO Steve Milligan stated, “we achieved strong financial results in the June quarter, with better-than-anticipated revenue, healthy gross margin performance and continued strong cash flow generation, we did so by addressing continued robust demand in gaming and stronger-than-expected demand in notebook PCs.”

The beat on earnings, but weak guidance resulted in the modest decline in the after-hours.


Related Articles (WDC)

View Comments and Join the Discussion!

Posted-In: Steve MilliganEarnings News Guidance After-Hours Center

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at