Western Digital (WDC) Tops Q4 EPS by 12c
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Western Digital Announces Financial Results for Fourth Fiscal Quarter and Fiscal Year 2017
July 27, 2017 4:10 PM EDTSAN JOSE, Calif.--(BUSINESS WIRE)-- Western Digital Corp. (NASDAQ: WDC) today reported revenue of $4.8 billion, operating income of $652 million and net income of $280 million, or $0.93 per share, for its fourth fiscal quarter ended June 30, 2017. The GAAP net income for the period includes charges associated with the companys recent acquisitions. Excluding these charges and after other non-GAAP adjustments, fourth quarter non-GAAP operating income was $1.2 billion and non-GAAP net income was $881 million, or $2.93 per share.
In the year-ago quarter, the company reported revenue of $3.5 billion, operating loss of $195 million and net loss of $366 million, or... More
