Western Digital Corp Q4 adjusted earnings Beat Estimates

Western Digital Corp (WDC) released earnings for its fourth quarter that increased from the same period last year.

The company's bottom line came in at $622 million, or $1.97 per share. This compares with $158 million, or $0.49 per share, in last year's fourth quarter.

Excluding items, Western Digital Corp reported adjusted earnings of $680 million or $2.16 per share for the period.

Analysts had expected the company to earn $1.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 14.7% to $4.92 billion from $4.29 billion last year.

Western Digital Corp earnings at a glance:

-Earnings (Q4): $680 Mln. vs. $369 Mln. last year.
-EPS (Q4): $2.16 vs. $1.23 last year.
-Analysts Estimate: $1.49
-Revenue (Q4): $4.92 Bln vs. $4.29 Bln last year.

Next quarter EPS guidance: $2.25 - $2.55
Next quarter revenue guidance: $4.90 - $5.10 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT