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Western Digital (WDC): Q2 2020 Earnings Snapshot

— Western Digital Corp. (NASDAQ: WDC)
reported Q2 2020 earnings of $0.62 per share, vs. $0.58 expected.

— Revenues remained flat at $4.2 billion, vs. $4.2 billion
expected.

— Q3 2020 revenue is expected to be $4.1 billion to $4.3
billion.

— Q3 2020 adjusted EPS is expected to be $0.85 to $1.05.

— WDC shares gained 5% immediately following the
announcement.

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Categories: Market News