ATLAS News · Earnings
Western Digital's latest quarter brought revenue growth of 55% and a $5.1 billion forecast for Q2, according to ad-hoc-news.de and Kalkine.
Western Digital (NASDAQ: WDC) reported quarterly results showing revenue growth of 55%, according to ad-hoc-news.de. The outlet says the company is entering its next quarter with stronger demand and pricing.
Ad-hoc-news.de also reports that the Q2 forecast reaches $5.1 billion. Kalkine describes the latest quarter as one worth USD 4.38 billion.
Kalkine also discusses a 6.82% decline in the stock and asks what it may indicate for investors following those results.
Western Digital is a data storage company, and its quarterly results and guidance are closely followed by investors in the technology hardware sector.
The reported growth, the Q2 outlook and the stock's decline after the results show how markets may be weighing the company's expectations.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
live price · USD
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