Recap: Western Digital Q1 Earnings

Recap: Western Digital Q1 Earnings

Western Digital WDC reported its Q1 earnings results on Thursday, October 27, 2022 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Western Digital missed estimated earnings by 53.49%, reporting an EPS of $0.2 versus an estimate of $0.43.

Revenue was down $1.31 billion from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 5.65% drop in the share price the next day.

Here's a look at Western Digital's past performance:

 

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 1.68 1.41 1.87 2.10
EPS Actual 1.78 1.65 2.30 2.49
Revenue Estimate 4.49B 4.05B 4.25B 4.33B
Revenue Actual 4.53B 4.38B 4.83B 5.05B

To track all earnings releases for Western Digital visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: BZI-RecapsEarnings