logo
  

Western Digital Guides Q1 Well Below Estimates - Update

While reporting financial results for the fourth quarter on Friday, Western Digital Corp. (WDC) provided its adjusted earnings and revenue guidance for the first quarter of fiscal 2023.

For the first quarter, the company now projects adjusted earnings in the range of $0.35 to $0.65 per share on revenues between $3.60 billion and $3.80 billion.

On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $1.96 per share on revenues of $4.74 billion for the quarter. Analysts' estimates typically exclude special items.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The US Centers for Disease Control and Prevention or CDC has ended recommendations for social distancing and quarantine with a view to minimize covid-19's impact on persons, communities, and health care systems. The agency also ended recommendation for test-to-stay in schools, CNN noted. Healthcare major Johnson & Johnson, which is in the middle of a talcum powder fiasco, said it is discontinuing talc-based JOHNSON'S Baby Powder globally in 2023. The company plans to transition to an all cornstarch-based baby powder portfolio. According to the company, the commercial decision to use cornstarch in all its baby powder products was made after conducting an assessment of its portfolio Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV.
Follow RTT