Investing
Western Digital forecasts larger quarterly loss after Q4 results top estimates
© Reuters.
Investing.com — Western Digital on Monday guided for a larger loss in the current quarter after reporting fiscal fourth-quarter results that topped Wall Street estimates.
Western Digital Corporation (NASDAQ:) slumped fell more than 1% in after-hours trade.
Western Digital an adjusted loss of $1.98 on revenue of $2.70 billion. Analysts polled by Investing.com anticipated a loss of $2.02 on revenue of $2.53B.
For fiscal Q1, Western Digital guided a loss in the range of $1.80 per share to $2.10 per share on revenue between $2.55B and $2.75B, missing estimates of $1.43 and $2.26B, respectively.
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