TECH - Western Digital Q3 Earnings: Revenue Beat Higher ASP Upbeat Q4 Guidance And More | Benzinga
Western Digital Corporation (NASDAQ:WDC) reported third-quarter financial results after the bell on Thursday. Here's a look at the highlights.
Western Digital reported earnings of 63 cents per share, which is not comparable to the consensus of 20 cents. It clocked quarterly sales of $3.46 billion, beating the $3.36 billion analyst consensus estimate.
Cloud revenue of $1.55 billion represented 45% of total revenue, with its growth primarily attributed to higher nearline shipments and improved nearline per unit pricing with flash revenue up both sequentially and year-over-year.
Client revenue of $1.17 billion represented 34% of total revenue. Sequentially, the increase ...