Western Digital Corporation(NASDAQ: WDC) reported third quarter 2020 earnings results today.
Revenue totaled $4.2 billion, up 14% year-over-year. GAAP EPS was $0.06 and adjusted EPS was $0.85. Both GAAP and adjusted EPS include a $13 million cost of revenue impact from COVID-19.
The company expects fourth quarter 2020 revenue to be $4.25-4.45 billion and adjusted EPS to be $1.00-1.40.
Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while
The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In
The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a