Western Digital Suspends Dividend and Shares Drop [TheStreet.com]
Western Digital Corporation (WDC)
Last western digital corporation earnings: 4/30 04:01 pm
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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
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News
- Western Digital (NASDAQ:WDC) is now covered by analysts at China Renaissance. They set a "buy" rating and a $193.00 price target on the stock.MarketBeat
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- Western Digital Corporation (WDC) Presents at UBS Global Technology and AI Conference 2025 Transcript [Seeking Alpha]Seeking Alpha
- Western Digital (NASDAQ:WDC) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Western Digital (NASDAQ:WDC) had its "buy" rating reaffirmed by analysts at Citigroup Inc..MarketBeat
WDC
Earnings
- 10/30/25 - Beat
WDC
Sec Filings
- 12/4/25 - Form 144
- 12/4/25 - Form 144
- 12/3/25 - Form 4
- WDC's page on the SEC website