Western Digital Stock Slips Even As Q3 Beats Expectations

Western Digital Corp. (NASDAQ:WDC) reported third-quarter results after Thursday’s closing bell, beating Wall Street estimates on the top and bottom lines.

Here’s a look at the details inside the report. 

• WDC stock is moving. Watch the price action here.

Western Digital Q3 Details       

Western Digital reported quarterly earnings of $2.72 per share, which beat the Street estimate of $2.39, according to Benzinga Pro data. 

Quarterly revenue came in at $3.34 billion, which beat the consensus estimate of $3.25 billion and was up from $2.29 billion in the same period last year.

Non-GAAP gross margin was 50.5% for …

Full story available on Benzinga.com