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Wednesday, August 5, 2020

-=Western Digital (WDC) reported earnings on Wed 5 Aug 20 (a/h)

Western Digital beats by $0.01, misses on revs; guides SepQ EPS below consensus, revs below consensus
  • Reports Q4 (Jun) earnings of $1.23 per share, excluding non-recurring items, $0.01 better than the S&P Capital IQ Consensus of $1.22; revenues rose 18.0% year/year to $4.29 bln vs the $4.34 bln S&P Capital IQ Consensus.
  • Co issues downside guidance for Q1 (Sep), sees EPS of $0.45-0.65, excluding non-recurring items, vs. $1.32 S&P Capital IQ Consensus; sees Q1 revs of $3.70-3.90 bln vs. $4.36 bln S&P Capital IQ Consensus.

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