Western Digital stock slumped even though it posted second quarter earnings results that were ahead of estimates.
Why Western Digital Stock Is Tumbling Despite A Big Earnings Beat
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Western Digital (WDC) stock fell sharply Thursday despite the hard-disk drive maker posting a big earnings beat for its fiscal fourth-quarter. The results may be overshadowed from what analysts called an even stronger report from rival Seagate Technology last week. Western Digital, which recently rebranded as WD, said late Wednesday that Q4 revenue jumped 44% year-over-year to $3.75 billion, helped…
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Western Digital (WDC) shares fall despite Q4 earnings and revenue beating estimates. Read key takeaways, cash flow and AI drive…
Here's a look at the details inside Western Digital's Q4 earnings report.
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