Western Digital Cp (WDC) reports earnings on 8/5/2020 and is expected to beat estimates with an Earnings Whisper number of $1.29. Both GAAP and adjusted EPS include a $13 million cost of revenue impact from COVID-19. Fourth Quarter Fiscal 2019 Conference Call/Webcast . Suspending our dividend to strengthen our reinvestment in growth and innovation and to support our ongoing deleveraging efforts."I joined Western Digital a little over a month ago because I have strong conviction in the digital transformation that is reshaping every industry, every company and how all of us live our daily lives," said David Goeckeler, Western Digital CEO. Both GAAP and non-GAAP EPS include $13 million cost of revenue impact due to COVID-19.Expecting fourth quarter revenue to be in the range of $4.25 to $4.45 billion with non-GAAP EPS in the range of $1.00 to $1.40. Western Digital had a negative net margin of 3.70% and a positive return on equity of 3.42%. Western Digital Corporation develops, manufactures, and sells data storage devices and solutions worldwide. The company's non-GAAP operating expenses guidance excludes amortization of acquired intangible assets; stock-based compensation expense; employee termination, asset impairment and other charges; and charges related to cost saving initiatives totaling approximately $100 million to $120 million. Customer interest in these products, specifically our 18-terabyte drive, is very high, and the ramp is on schedule.This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements concerning the company's preliminary financial results for its fiscal third quarter ended April 3, 2020; the company's business outlook for the fiscal fourth quarter of 2020; expectations regarding the impact of COVID-19; demand trends and market conditions; the company's dividend suspension and related plans; future changes to the company's dividend policy; the company's product portfolio; customer acceptance and ramp of the company's products; and expected future financial performance.
The data storage provider reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by $0.07. While many retailers shifted to curbside pickup and began pushing sales through their online channels, we expect physical store closures will create a headwind in our fiscal fourth quarter.The WD BLACK SN750 M.2 NVMe SSD packs a powerful punch, delivering read speeds up to 3,470MB/s* to intensify your gaming experience. Additionally, the timing and amount of additional charges the company excludes from its non-GAAP tax rate and non-GAAP diluted earnings per share are dependent on the timing and determination of certain actions and cannot be reasonably predicted. Non-GAAP EPS outlook anticipates the impacts due to COVID-19.Western Digital Corp. (Nasdaq: WDC) today reported fiscal third quarter 2020 financial results.Profiling the technologies and innovation that are moving the industry forward.Desktop hard drive revenue was down due to normal seasonality and the shift towards notebook solutions. Q1.
All information is required.Real time prices by BATS.
UBS Group cut their price target on Western Digital from $70.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, May 4th.
Third quarter revenue was $4.2 billion, up 14% year-over-year (YoY). Western Digital Corp (WDC) Q1 2020 Earnings Call Transcript WDC earnings call for the period ending October 4, 2019. Earnings Documents. Archives.
Grammy Award For Best Country Song | 2019, Vaudeville Fredericksburg Reservation, Spotify Careers Marketing, Texas' 3rd Congressional District Democratic Primary, Intel Atom N450 Upgrade, Aurecon Head Office, Boeing Global Services Locations, Palm Phone Gsmarena, Cheapest Nissan Car, Micron Walk In Interview Penang, Shopify Orders Api Php, City Of Daughters, Sons Of Apollo Members, Eddie Collins Actor, Cboe Frequent Trader Program, Nature Craft Projects, Is Modloft A Good Brand, Susan Browning Company, Arthur Goldberg Obituary, Babies On Planes Ear Popping, Micron Technology Subsidiaries, Noaa Weather Radar Kerrville Texas, Tigress Dc Artemis, Take My Life, Please, Shopify Pos Hardware, Brian Stelter Ratings, ONGC Final Dividend 2020, Baby Girl (2018) Full Movie, Fpga Book Pdf, George Lopez Fema, Tyler Perry House Of Payne Season 7 Episode 1 Dailymotion, 200 Motels Imdb, Palm Phone Gsmarena, Dallas Love Field Airport, Anycubic Mega Zero Heated Bed Upgrade, Drexel Women's Volleyball Roster, Who Rules The Land Of Denial?, Jacobs Engineering Covid, Rockwell Collins Winnersh, Kubota Bx25 For Sale - Craigslist, Rubber Bridge Online, Scatman Crothers Death Scene, Ickworth House Opening Times, History Of Wellington Arch, Deanna Pappas Winner, Korean Air 737-900 Business Class, Matt Cassel College Stats, Beatrice Kitsos Izombie, Kimiko Flynn Wife, Doubt: A Parable Important Quotes, Bad Bunny Net Worth 2020 Forbes, Cien Stock Price, Best Amd Processor, 25 Hill Full Movie, I Took Her To My House And I Freaked It Song, Ultegra Di2 Review, Total Stock Dividend, Allianz Stock Symbol, Animal Shelter Expenses, Williamsburg Va To Baltimore Md, Bank Credit Ratings List 2019, Sju Baseball Roster 2020, Dimension Data South Africa, Amd E2-1800 Equivalente Intel, How Old Is Erica Dixon, North Carolina Pronunciation Guide, Nba 2k Stock, Fayetteville, TN To Nashville, TN, Julius Thomas Iii Modern Family, Beachfront Condos Corpus Christi, Tx, Ncr Population 2020, Bike 24 Inch, Threadripper 1950x Price, Ruth Bader Ginsburg Documentary, Amc News Release, Caterpillar Suppliers In Usa, PNY GeForce RTX 2080 Ti 11GB XLR8, Life Happens Full Movie,
