Western Digital Corp WDC shares are rising in prolonged buying and selling Wednesday after the corporate reported better-than-expected monetary outcomes and issued robust steerage.
This fall Income: $2.612 billion, versus estimates of $2.45 billion
This fall Adjusted EPS: $1.66, versus estimates of $1.47
WDC inventory is on the transfer. Test the worth motion right here.
Whole income climbed 30% on a year-over-year foundation, pushed by continued robust momentum in Cloud. Western Digital generated $746 million in money circulate from operations and $675 million of free money circulate.
The corporate ended the quarter with roughly $2.11 billion in money and money equivalents. Western Digital’s board authorised a money dividend of 10 cents per share to be paid on Sept. 18 to shareholders of file as of Sept. 4.
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“We’re assured that HDDs will proceed to stay the muse of the world’s knowledge infrastructure, delivering unmatched worth for mass storage in an AI-driven future,” mentioned Irving Tan, CEO of Western Digital.
Steering: Western Digital expects first-quarter income to be between $2.6 billion and $2.8 billion versus estimates of $2.51 billion, per Professional to gasoline. The corporate anticipates first-quarter adjusted earnings of $1.54 to $1.69 per share versus estimates of $1.35 per share.
WDC Value Motion: Western Digital shares had been up 7.04% in after-hours, buying and selling at $76.46 on the time of publication Wednesday, in response to Professional to gasoline.
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