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Western Digital tops estimates, offers guidance; shares fall
['Vlad Schepkov', 'Wed August At Pm Gmt', 'Min Read']
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Investing.com -- Western Digital Corporation posted fourth-quarter earnings per share of $3.56 on Wednesday, beating analyst expectations of $3.29 by $0.27.
The company's fiscal fourth quarter revenue increased 44% compared to the same period last year.
For the first quarter of fiscal 2027, Western Digital projects earnings per share between $3.85 and $4.15, compared to analyst consensus of $3.77.
At the midpoint of guidance, Western Digital forecasts first quarter revenue of $4.1 billion and non-GAAP earnings per share of $4.00.
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