Western Digital Corporation posted third-quarter fiscal 2022 non-GAAP earnings of $1.65 per share, surpassing analysts' expectations of $1.49 and achieving revenues of $4.38 billion. Despite this success, the company's shares fell 1.4% in premarket trading and have declined 25.5% over the past year, outpacing industry losses. The recent earnings report follows restored production at its flash fabrication facilities, and the company forecasts fourth-quarter revenues between $4.5 and $4.7 billion.
“Western Digital Corporation WDC · reported · third-quarter fiscal 2022 non-GAAP earnings · $1.65 per share”
“WDC’s shares · are down · in the premarket trading · 1.4%”
“shares of Western Digital · have lost · their value in the past year · 25.5%”
“Western Digital expects non-GAAP revenues · in the range of · for the fourth-quarter fiscal 2022 · $4.5-$4.7 billion”
“Western Digital Corporation · moved · 0.7% higher · in extended trade”
“Western Digital Corporation · moved higher · 0.7% · in extended trade”
“Western Digital Corporation · moved · 0.7% higher · in extended trade”
“Western Digital Corporation · reported earnings per share of · $1.65 · versus $1.49 expected”
“Western Digital · came out with quarterly earnings of · $1.65 per share · 1.65”
“Western Digital · beat the Zacks Consensus Estimate of · $1.47 per share · 1.47”
“Western Digital · posted revenues of · $4.38 billion · 4.38 billion”
“Western Digital · surpassed the Zacks Consensus Estimate by · 1.63% · 1.63”