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Barchart
Barchart
Neharika Jain

Earnings Preview: What to Expect From Western Digital's Report

Western Digital WDC

Valued at a market cap of $22 billion, Western Digital Corporation (WDC) develops, manufactures, and sells data storage devices and solutions. The San Jose, California-based company offers a broad range of hard disk drives and solid state drives used in various consumer electronic devices, including desktop PCs, video game consoles, and digital video recorders, to name a few, and is expected to announce its fiscal Q1 earnings results after the market closes on Thursday, Oct. 24. 

Ahead of this event, analysts expect the tech company to report a profit of $1.52 per share, up 177.2% from a loss of $1.97 per share in the year-ago quarter. The company has consistently beaten Wall Street's earnings estimates in the last four quarters. Its adjusted earnings of $1.25 per share for the last quarter topped the consensus estimates by 15.7%. 

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