(USD) | Dec 2023 | Q/Q |
---|---|---|
Revenue | 3B | +10% |
Gross Profit | 492MM | - |
Cost Of Revenue | 2.5B | -4% |
Operating Income | -210MM | -65% |
Operating Expenses | 702MM | +1% |
Net Income | -287MM | -58% |
R&D | 444MM | +3% |
G&A | 198MM | -4% |
Interest Expense | 108MM | +10% |
Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from
FinraMoving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.
Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.
Western Digital's (WDC) fiscal third-quarter top-line performance is driven by strength in the cloud segment, especially higher near-line shipments.
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Thursday amid Meta's sell-off.
Q3 2024 Western Digital Corp Earnings Call
WDC earnings call for the period ending March 31, 2024.
Western Digital Corporation (NASDAQ:WDC) reported third-quarter financial results after the bell on Thursday. Here's a look at the highlights. Western Digital reported earnings of 63 cents per share, which is not comparable to the consensus of 20 cents. It clocked quarterly sales of $3.46 billion, beating the $3.36 billion analyst consensus estimate. Cloud revenue of $1.55 billion represented 45% of total revenue, with its growth primarily attributed to higher nearline shipments and improved nea
Comprehensive Analysis of Fiscal Q3 2024 Performance
The results are the latest sign that demand for memory chips is improving, after earnings of larger rivals Micron Technology and Samsung Electronics also showed a rebound in prices of the semiconductors following a severe downturn. "We are in the early innings of unlocking the full potential of this company, and as industry supply and demand dynamics continue to improve, we will remain disciplined around our capital spending," said Western Digital CEO David Goeckeler. Western Digital said its ...
Western Digital shares dipped in late trading Thursday, even though earnings topped expectations. The company reported fiscal third-quarter non-GAAP earnings of 63 cents a share, ahead of expectations at 22 cents a share, according to FactSet.
Western Digital stock dipped late Thursday, despite the data storage company reporting fiscal Q3 earnings that topped views.
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.