Western Digital (WDC) To Report Earnings Tomorrow: Here Is What To Expect
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Western Digital (WDC) is set to report earnings after market hours on Thursday. Last quarter, it exceeded revenue expectations by 4.8%, with revenues of $2.61 billion, a 30% year-on-year increase. Analysts predict a 23.9% revenue growth this quarter to $2.74 billion, with adjusted earnings expected at $1.58 per share. Despite missing revenue estimates six times in the past two years, investor sentiment remains positive, with WDC shares up 11.8% recently. The average analyst price target is $128.17, slightly below the current share price of $130.54.
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