Western Digital (NASDAQ: WDC) has set the date for the release of its fourth quarter financial results on Wednesday 31st July 2024, after market close.
Investors and analysts will have a chance to analyze the company’s performance during the quarter.The financial experts on Wall Street are predicting that the company will likely report an estimated $1.17 profit per share for the fourth quarter.
Additionally, it is anticipated that the company will reveal a $3.74 billion revenue during the quarter.WDC forecasts a revenue target of $3.60 to $3.80 billion in Q4, with anticipated earnings per share of between income of $0.90 and $1.20 per share, where as the number-crunchers predicting the company should report $1.17 profit per share on a revenue of a tidy $3.74 billion this quarter.
The earnings report for the corresponding quarter of the prior year unveiled a per-share loss of $1.98. This was a direct result of the company’s total revenue, which amounted to an impressive $2672 million during that specific period.
The company’s full-year performance has been analyzed by wall street analysts, who have shared their projections. According to the analysis, it is expected that the company will generate a total revenue of $12.97 billion. Additionally, the earnings per share for the company are also anticipated to reach loss of $0.63 over the course of the fiscal year.
During the trading day, Western Digital (WDC) shares reached a low of $63.09 and a high of $66.64, along with a total volume of 8.87 million shares. The stock ended the regular trading session at $63.18, demonstrating a decline of 4.89 percent.
