Western Digital Suspends Dividend and Shares Drop [TheStreet.com]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
Check Earnings Report
US:NASDAQ Investor Relations:
investor.wdc.com
Company Research
Source: TheStreet.com
Western Digital(WDCGet ReportThe move surprised analysts and investors, given that it came after a report showing that fiscal-third-quarter adjusted earnings per share quintupled to 85 cents from 17 cents a year earlier. Revenue in the quarter ended April 3 rose 14%.To be sure, GAAP EPS trailed forecasts, thanks to the coronavirus pandemic. The company swung to a profit of 6 cents a share from a year-earlier loss of $1.99. Analysts surveyed by FactSet had been looking for profit of 11 cents in the latest period.“Retail was particularly affected by covid-19, in a typically seasonally weaker quarter,” the San Jose, Calif., company said in a statement.“We generated $142 million in cash from operations during the fiscal third quarter of 2020 and ended the quarter with $2.9 billion of total cash and cash equivalents. We returned $149 million to shareholders through dividends and used $212 million to reduce debt.”Western Digital is looking to preserve cash going forward. “We are suspending
Show less
Read more
Impact Snapshot
Event Time:
WDC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WDC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WDC alerts
High impacting Western Digital Corporation news events
Weekly update
A roundup of the hottest topics
WDC
News
- Western Digital (NASDAQ:WDC) had its "outperform" rating reaffirmed by analysts at Evercore ISI.MarketBeat
- NAND Demand Stays Strong as Chip Sales Slump. Is Sandisk or Western Digital Stock a Better Buy in January 2026? [Yahoo! Finance]Yahoo! Finance
- Is Western Digital Corporation (NASDAQ:WDC) Trading At A 21% Discount? [Yahoo! Finance]Yahoo! Finance
- Western Digital (NASDAQ:WDC) had its "neutral" rating reaffirmed by analysts at Susquehanna.MarketBeat
- Why Western Digital (WDC) Stock Is Up Today [Yahoo! Finance]Yahoo! Finance
WDC
Earnings
- 10/30/25 - Beat
WDC
Sec Filings
- 1/8/26 - Form SCHEDULE
- 12/22/25 - Form 4
- 12/22/25 - Form 4
- WDC's page on the SEC website