Investing.com - Western Digital reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Western Digital announced earnings per share of $0.20 on revenue of $3.74. Analysts polled by Investing.com EPS of $0.41 on revenue of $3.64B.
Western Digital 's are down 11% and is trading at $36.36 , still down 47.58% from its 52 week high of $69.36 set on Wednesday, January 5, 2022.
Western Digital shares gained 3.06% to trade at $36.36 in intra-day trade the report.
Western Digital follows other major Information Technology sector earnings this month
Western Digital's report follows an earnings beat by Microsoft on Tuesday, who reported EPS of $2.35 on revenue of $50.1B, EPS of $2.32 on revenue of $49.86B.
Visa A had beat expectations on Tuesday with fourth quarter EPS of $1.93 on revenue of $7.8B, for EPS of $1.87 on revenue of $7.57B.
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