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Western Digital's revenue below expectations

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Translate from : Western Digitals indtægter under forventning
Western Digital expects Q1 revenue of $4-4.20 billion. against analysts' estimate of $4.22 billion.
By Maria
1 aug. 2024 10:56 am
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The data storage products maker expects first-quarter revenue in the range of $4 billion to $4.20 billion, compared with analysts' estimates of $4.22 billion, according to LSEG data.

The company expects adjusted earnings per stock in the range of $1.55 to $1.85, compared with estimates of $1.74.

Western Digital's fourth-quarter revenue was $3.76 billion, beating analysts' average expectations of $3.74 billion.

The adjusted earnings per per share was 88 cents, compared with estimates of $1.17.

Revenue from the company's flash memory business, which is expected to operate separately from its traditional hard disk drive unit in the second half of 2024, rose nearly 28% to $1.76 billion.

Rival Seagate Technology forecast positive revenue for its first quarter last week, driven by increased demand for memory chips from personal computer and data center customers.

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