Western Digital Corp. (WDC) PT Lowered to $97 at Stifel
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Western Digital (WDC) Stock Plunges on Weak Guidance Driven by Supply Chain Issues and COVID-related Costs, Seen as a 'Messy' Quarter All Around
October 29, 2021 6:49 AM EDTShares of Western Digital (NASDAQ: WDC) are down over 11% in pre-open Friday after the company reported its FQ1 results and guidance.
Western Digital reported FQ1 EPS of $2.49 to easily beat the analyst estimate of $2.11. Revenue for the quarter came in at $5.1 billion versus the consensus estimate of $4.36 billion.
Strong demand across diverse end markets, particularly for our cloud products, combined with Western Digitals strong innovation engine, broad routes to market and sharpened execution, enabled us to deliver solid results within our guidance... More
