Western Digital Stock Falls 3% After the $4.64 Beat: What…
By Abdelaziz Fathi
AI summary of the source article
Western Digital shares dropped 2.97% to $343.67 despite reporting fiscal first-quarter 2027 non-GAAP earnings of $4.64 per share on $4.38 billion in revenue, topping consensus. The company also guided fiscal second-quarter revenue and earnings above expectations.
Key facts
- Western Digital reported fiscal Q1 2027 non-GAAP EPS of $4.64, beating the $4.08 consensus, with revenue rising 55% year over year to $4.38 billion.
- The company forecasted fiscal Q2 revenue of $5.1 billion (plus or minus $100 million) and non-GAAP EPS of $5.80 (plus or minus $0.20).
- Despite beating expectations and issuing strong guidance, Western Digital stock closed down 2.97% at $343.67 on Friday.
Source excerpt · FinanceFeeds
Western Digital stock closed at $343.67 on Friday, down $10.52 or 2.97%, completing the first full trading session after a quarter in which the storage company beat earnings expectations and guided well above consensus. That makes the tape more interesting than the earnings headline. Western Digital initially rose about 4% after reporting results Thursday evening, then gave those gains back. Frida…