Western Digital (WDC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Western Digital Corp. (NASDAQ: WDC) has announced management participation at the J.P. Morgan 48th Annual Global Technology, Media and Communications (TMC) Conference on Wednesday, May 13, 2020 at 10:30 a.m. ET.
Q3 2020 Western Digital Corp Earnings Call
WDC earnings call for the period ending March 31, 2020.
Western Digital stock fell after the company unexpectedly suspended its dividend and shifted its focus to strengthening its balance sheet.
Western Digital (WDC) delivered earnings and revenue surprises of -9.57% and -0.48%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Western Digital Corp. (NASDAQ: WDC) has announced management participation at the Bank of America 2020 Global Technology Conference on Tuesday, June 2, 2020 at 12:15 p.m. PT.
After an April that saw dozens of dividend cuts and suspensions, here is an unofficial list of May’s moves.
Western Digital's (WDC) third-quarter fiscal 2020 results are likely to reflect strength in latest high-capacity HDD products.
The stock one of the worst performers among large-cap U.S.-based tech companies. That makes it cheap, and some analysts are urging investors to jump in.
Data storage device maker Western Digital (NASDAQ: WDC) reported third-quarter results after the closing bell on Thursday, April 30. It was a mixed report with solid sales and dramatic earnings growth, but analysts had been looking for an even sharper uptick on the bottom line.
Shares of Western Digital (NASDAQ: WDC) slumped on Friday after the hard drive and flash memory manufacturer reported its fiscal third-quarter results. The numbers were mixed relative to analyst expectations, and guidance was in line with estimates. Western Digital stock was down about 12.3% at 1:25 p.m. EDT.
Western Digital Corp. shares fell 9.4% in the extended session Thursday after the tech company missed earnings expectations and issued lower-than-expected earnings guidance. The company reported fiscal third-quarter net income of $17 million, or 6 cents a share, versus a net loss of $581 million, or $1.99 a share, in the year-ago period. Adjusted earnings were 85 cents a share compared with 17 cents a share a year ago. Revenue rose to $4.18 billion from $3.67 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 92 cents a share on revenue of $4.18 billion. The company said that its desktop hard drive and smart video hard drive demand was weaker because of the COVID-19 pandemic. Falling retail sales due to the pandemic also hurt the company's sales towards the end of the quarter. The company said it expects adjusted earnings of $1 to $1.40 a share on sales of $4.24 billion to $4.45 billion; analysts model adjusted earnings of $1.21 a share on sales of $4.3 billion. Western Digital stock has fallen 9.9% in the past year, with the S&P 500 index rising 0.2%.
Corporate earnings for the current second quarter are likely some of the most unpredictable ones in recent history, thanks to the coronavirus-induced disruptions. But there are exceptions, and they might offer a good buying opportunity.
On Thursday, April 30, NAND flash and hard disk storage specialist Western Digital (NASDAQ: WDC) reported its March quarter earnings, with an unwelcome surprise for shareholders -- a suspension of the company's $0.50 quarterly dividend. While that acquisition might have been the right strategic move to get Western Digital into the NAND flash market, it came at a high cost, and loaded the company's balance sheet with debt.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
Western Digital's (WDC) third-quarter fiscal 2020 results reflect strong revenues from client and enterprise SSDs as well as uptrend in flash pricing.
Western Digital's (NASDAQ: WDC) stock recently dipped after the data storage solutions provider suspended its near-5% dividend. The move wasn't entirely unexpected since its dividend payments overwhelmed its free cash flow and earnings over the past year, but it was surprising since the company was still generating more than enough cash to cover its dividend.
Western Digital Corp. (Nasdaq: WDC) today reported fiscal third quarter 2020 financial results.
The Nasdaq Composite outperforms today, finishing up 1.13%, with the Dow up 133.33 points. Yahoo Finance's Jared Blikre joins Jen Rogers to break down the day's price action as well as a long in Western Digital, a YF Premium Investment Idea.