Western Digital Corp (WDC) reported earnings for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's earnings totaled $1.182 billion, or $3.07 per share. This compares with $153 million, or $0.42 per share, last year.
Excluding items, Western Digital Corp reported adjusted earnings of $673 million or $1.78 per share for the period.
Analysts on average had expected the company to earn $1.58 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 27.4% to $2.818 billion from $2.212 billion last year.
Western Digital Corp earnings at a glance (GAAP) :
-Earnings: $1.182 Bln. vs. $153 Mln. last year.-EPS: $3.07 vs. $0.42 last year.-Revenue: $2.818 Bln vs. $2.212 Bln last year.
-Guidance:Next quarter EPS guidance: $1.88 +/- $0.15Next quarter revenue guidance: $2.9B +/- $100M
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