Investing.com – Western Digital (NASDAQ:) reported on Thursday second quarter that beat analysts’ forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $0.62 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $0.57 on revenue of $4.22B. That with comparison to EPS of $1.45 on revenue of $4.23B in the same period a year before. Western Digital had reported EPS of $0.34 on revenue of $4.04B in the previous quarter. Analysts are expecting EPS of $0.7 and revenue of $4.06B in the upcoming quarter.
Western Digital shares are up 5.47% from the beginning of the year and are trading at $71.05 , still down 7.03% from its 52 week high of $72.00 set on January 23. They are outperforming the Nasdaq which is up 2.87% year to date.
Western Digital shares gained 6.14% in after-hours trade following the report.
Western Digital follows other major Technology sector earnings this month
Western Digital’s report follows an earnings beat by Apple on Tuesday, who reported EPS of $4.99 on revenue of $91.82B, compared to forecasts EPS of $4.54 on revenue of $88.38B.
Microsoft had beat expectations on Wednesday with second quarter EPS of $1.51 on revenue of $36.91B, compared to forecast for EPS of $1.32 on revenue of $35.67B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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